Ftc: Katrina Gas Gouging Minimal; Supply and Demand to Blame for High Prices, Investigation Finds
Linked as:
Summary
WASHINGTON -- The Federal Trade Commission on Monday said a nine- month investigation revealed a smattering of gasoline price gouging after Hurricane Katrina, though not any widespread effort by the oil industry to manipulate the marketplace.
Industry officials lauded the report's findings, while Democratic members of Congress lambasted them and promised some tough questioning for FTC officials at a hearing today.See the full content of this document
Extract
Ftc: Katrina Gas Gouging Minimal; Supply and Demand to Blame for High Prices, Investigation Finds
The agency sought to downplay the instances of post-hurricane price gouging by seven refiners, two wholesalers and six retailers, chalking up their soaring prices in Septembe...
See the full content of this document
Sponsored links
