Watching Government: In Katrina’s aftermath

09/19/2005
For a change, a gasoline price spike looked politically easy-but only next to the evacuation of close to a million Gulf Coast residents following Hurricane Katrina’s visit. Politicians and bureaucrats nevertheless adopted postures calculated to suggest they were vigilantly watching out for the consumer as they tried to determine what problems the storm revealed and how to solve them.Twenty-one members of the Senate Energy and Natural Resources Committee urged the Federal Trade Commission on Sept. 12 to heighten its scrutiny of gasoline prices.They noted that a section of the 2005 energy law mandated that the FTC investigate to determine the extent of any gasoline market manipulation...
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