New York AG Launches Investigation on Oil Industry Over Gas Price Gouging

The New York Attorney General launched an investigation to determine if the oil and gas industry has engaged in price gouging following testimonies from oil executives in Congress last week.

Reuters

New York Attorney General (AG) Letitia James has launched an investigation to determine whether the oil industry has engaged in gas price gouging, CNN reported on April 14, citing a person familiar with the matter.

Oil executives defended themselves in the U.S. Congress last week from charges by lawmakers that they were gouging Americans with high fuel prices, saying they were boosting energy output and no one company sets the price of gasoline.

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