WASHINGTON, July 16 -- Sen. Adam Schiff issued the following press release:
U.S. Senator Adam Schiff (D-Calif.), a member of the Senate Judiciary Committee, is demanding (https://www.schiff.senate.gov/wp-content/uploads/2026/07/Letter-to-DOJ-re-Potential-Big-Oil-Price-Gouging-.pdf) the Department of Justice (DOJ) launch a federal investigation into potential price gouging by big oil companies and to publicly report its findings to Congress.
In a letter sent to the DOJ, Schiff outlined the need to determine whether oil companies have used recent market volatility as cover to sustain artificially high margins at the pump and to identify any anticompetitive conduct, collusion, or unfair pricing practices that have contributed to oil profits ...