High gasoline prices prompt Justice Department to eye energy industry
April 21st, 2011
05:19 PM ET
4 years ago

High gasoline prices prompt Justice Department to eye energy industry

WASHINGTON (CNN) – Prodded by growing public frustration over sharply rising gasoline prices, the Justice Department on Thursday announced the formation of a team - the "Oil and Gas Price Fraud Working Group - tasked with the goal of ensuring consumers are not victims of price gouging.

Gas prices exceeding $4 per gallon or higher are "tough" for most Americans, President Barack Obama told an audience in Reno, Nevada. "We are going to make sure that no one is taking advantage of American consumers for their own short-term gain."

FULL STORY

Filed under: gas prices
soundoff (10 Responses)
  1. gt

    get use to it...since china and india got in the game ...cheap gas is a thing of the past... we need to change to natural gas... more jobs ,,, for americans... and watch and see ..cuba will be drilling in the gulf before you know it....we better wake up quick...

    April 21, 2011 05:24 pm at 5:24 pm |
  2. Four and The Door

    Attorney General Eric Holder made no secret the move is a direct response to public angst, not to current evidence of any illegal conduct.
    ___________________________________________________________________________________________________
    Not to worry. It's just Obama playing his favorite game again. Politics.

    April 21, 2011 05:30 pm at 5:30 pm |
  3. Dustin

    Lets see... gas prices are increasing... oil companies reporting record profits... hmmm..

    April 21, 2011 05:35 pm at 5:35 pm |
  4. MAC

    Will Justice look at the governments involvement in not allowing drilling and the corruption of goverment workers from EPA and Interior working for their own special interest.

    April 21, 2011 05:53 pm at 5:53 pm |
  5. Albo58

    OMG, the President just noticed the price of gas is going up...And you expect Holder to get anything done on behalf of ALL Americans? Too bad this issue doesn't affect just "his people" or he'd already be all over this issue!

    April 21, 2011 06:08 pm at 6:08 pm |
  6. Name king

    How are we going to stop the repugs from defending their big greedy oil friends, every time some one tries to criticize these gigantic oil giants from beating up on the American people, here comes the repugs deflecting blame to obama. These big oil companies will never change their disgusting ways, because they have the repugs in their back pocket. They will just keep on dragging the American people, and call upon the repugs any time any one give them a little flack,'the repugs
    are always on time to deflect criticism, and blame Obama.

    April 21, 2011 06:36 pm at 6:36 pm |
  7. Karl

    It's call greed

    April 21, 2011 07:27 pm at 7:27 pm |
  8. Dave

    The gas and oil companies have been ripping off the consumer for decades and nothing will be done about it. They simply have too much political influence for the government to care about how it effects the little guy,

    April 21, 2011 07:27 pm at 7:27 pm |
  9. Frank Schneider

    Did Justice Department just realize that consumers might be being gouged? Whoa ! Now they are earning their money!

    April 21, 2011 07:29 pm at 7:29 pm |
  10. Annie, Atlanta

    The energy industry? What about the speculators on Wall Street? Anyone else notice that whenever we're getting gouged out here on Main Street, Wall Street is raking it in? I think we need stricter regulations before they are able to take us down again before we've even gotten up.

    April 21, 2011 08:52 pm at 8:52 pm |