Sen. Warren: A Big Reason for Record High Gas Prices Is Price Gouging

‘The last time that a barrel of oil cost what it cost right now, that gasoline itself was about $1.50 cheaper at the pump’

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EXCERPT:

WARREN: "Look, I’m -- I'm deeply, deeply subpoena sympathetic to the fact that families are paying a lot at the pump. But I always remind myself on this, the last time that a barrel of oil cost what it cost right now, that gasoline itself was about $1.50 cheaper at the pump. So, a big part of this is about concentration in the oil industry, and price gouging.”

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