Federal Trade Commission Report on Spring/Summer 2006 Nationwide Gasoline Price Increases

Federal Trade Commission Report on Spring/Summer 2006 Nationwide Gasoline Price Increases

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On April 25, 2006, Pres. Bush directed Aithe Dept. of Justice to work with the Fed. Trade Comm. (FTC) a the Energy Dept.(DoE) to conduct inquiries into illegal manipulation or cheating related to current gasoline prices.Ai The FTC was, at that time, investigating the increases in gasoline prices that occurred following Hurricane Katrina, including an intensive examination of whether refiners a other market participants had manipulated, or tried to manipulate, gasoline prices. The FTC found no evidence of manipulation a only limited instances of price gouging by gasoline wholesalers a retailers. The FTC a DoE conducted this economic analysis a investigation of the nat. avg. gasoline price increases that began during the spring of 2006 a continued through the summer. Illus.Thus, the traders predicted that a reduction in RBOB prices relative to crude oil prices would occur at the same time that ... FTC staff finds the futures market data supportive of our conclusion that factors reflecting the normal operation of theanbsp;...


Title:Federal Trade Commission Report on Spring/Summer 2006 Nationwide Gasoline Price Increases
Author: Barry Leonard
Publisher:DIANE Publishing - 2007-12
ISBN-13:

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