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Biden asked the Federal Trade Commission on Wednesday to investigate whether “illegal conduct” by large oil and gas companies is hiking up prices.

This is the latest effort by the administration to target concentration in the energy industry to bring down gas prices, the New York Times reports. The move is unlikely to receive immediate FTC action and is also unlikely to noticeably change gas prices any time soon.

It could, however, spark the commission to investigate and gather data on how companies set…

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