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https://www.yahoo.com/finance/news/gas-prices-biden-administration-consumers-193455038.html
Gas prices: Biden administration 'making sure consumers are not taken advantage of,' official says

Americans across the country are feeling the cost of war as they head to the gas pumps.

Gas prices haven't yet reached record highs (when adjusted for inflation), but they are at levels not seen since 2008 as a result of the Russian invasion of Ukraine and ensuing sanctions.

On Tuesday, President Biden announced the ban on Russian energy imports — and warned about the ripple effects for regular Americans.

And according to Brian Deese, director of the White House's National Economic Council, the Biden administration is “looking at everything we can do to mitigate the impacts here at home, including obviously the price of gas at the pump.”

One of the administration's priorities is "making sure consumers are not taken advantage of," Deese said on Yahoo Finance Live (video above), adding: "It's at moments of volatility like this that you worry the most about gas stations taking advantage of the situation and driving up prices, particularly in the near term, based on the oil they already have in reserves. Those are the kinds of things we’ve got our regulatory bodies — the FTC and the CFTC — looking closely at.”