Ted Lieu: “I am upset about inflation. As our economy reopens and demand surges, big corporations have taken advantage. They have…”

“I am upset about inflation. As our economy reopens and demand surges, big corporations have taken advantage. They have squeezed consumers for profit and raised costs on everyday Americans. Corporate greed is a primary reason why costs for American businesses and families have gone up. I will give you one example. The cost of refining oil has gone down, yet gas prices went up. Let me repeat that again. The costs to oil companies have gone down, and fuel prices went up. That is why I am joining President Biden in calling on the Federal Trade Commission to investigate whether oil and gas companies are engaging in anticompetitive or potentially illegal behavior to jack up your gas prices. ____________________”