Dear FTC: Blame the real culprits of high gas prices ...Middle East

With Alvaro Bedoya’s confirmation as a third and tiebreaking vote at the Federal Trade Commission (FTC), various initiatives will soon roar to life. Among Senate Majority Leader Chuck Schumer’s (D-N.Y.) motivations for bringing a vote on Bedoya’s nomination is reenergizing a pending FTC investigation into “price gouging” by oil companies. What the commission’s new majority needs to recognize, however, is that price gouging is not the issue at the heart of high gas prices. The Biden administration’s new regulatory disincentives to oil production and refining deserve some blame, as does its failure to call for the waiver of the longstanding, anticompetitive Jones Act. The Jones Act el

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