FTC Targets Oil-and-Gas Deals, Franchises Amid Pain At Pump [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
investigate whether gas station franchises are driving up gas prices as part of a Biden administration effort to combat higher costs at the pump. FTC Chair Lina Khan is directing staff to identify new legal theories to challenge retail fuel station deals and investigate possible collusion by national chains to push up prices, she said in an Aug. 25 letter to White House economic adviser Brian Deese obtained by Bloomberg News. 16 best online deals in the Canadian retail space right now Advertisement Advertisement Article content “I will be taking steps to deter unlawful mergers in the oil and gas industry,” Khan said. “Over the last few decades, retail fuel station chains have repeatedly proposed illegal mergers, suggesting that the agency's approach has not deterred firms from proposing anticompetitive transactions in the first place.” The FTC is planning to ratchet up investigations into abuses in the retail fuel station franchise market, she added. “We will need to d
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