Following Rosen Push to Prevent Price Gouging At Gas Pump, Federal Trade Commission Opens Investigation into Big Oil Merger

Senator Rosen Was Part Of A Letter Pushing The FTC To Crack Down On Big Oil Mergers & Prevent Them From Raising Gas Prices For Nevadans

WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) applauded news that the Federal Trade Commission (FTC) is opening an investigation following her calls to crack down on Big Oil’s greed that would greatly reduce competition and drive up gas prices at the pump for Nevadans. The FTC recently announced an investigation of Exxon Mobil’s proposed acquisition of Pioneer Natural Resources, which would be the largest oil-and-gas deal in decades and would reduce the competition in the oil industry.

“At a time when Big Oil has been making record profits, Nevadans have been feeling the pain at the gas pump. Big Oil’s greedy, anti-competitive behavior could lead to price gouging and higher gas prices for hardworking families in our state,” said Senator Rosen. “That’s why I’ve been pushing the Federal Trade Commission to investigate this merger, and I’m glad to see that it will do so. I’ll always fight to lower costs for Nevadans.”

Senator Rosen has been a leader in fighting to lower costs for hardworking Nevadans. Senator Rosen recently announced funding to help families lower their energy costs and fund energy-efficient home repairs through the Low Income Home Energy Assistance Program (LIHEAP). Additionally, Senator Rosen helped secure several wins in the Inflation Reduction Act that will help lower energy and health care costs, and she helped introduce critical legislation to alleviate supply chain issues.