FTC clears US firms in gasoline price spike probe

Oil companies did not conspire to drive up the price of gasoline last summer in the US Midwest, the US Federal Trade Commission has told the House of Representatives committee probing the matter.Rep. Billy Tauzin (R-La.), chairman of the House energy and commerce committee, recently disclosed the contents of a letter to that effect from the FTC.FTC Chairman Robert Pitofsky wrote Tauzin that the agency has completed its investigation of the gasoline price spikes and is drafting a report that will go to Congress this summer.What FTC saidPitofsky said the report found no "tacit or explicit collusion among market participants" and that the price increases resulted from other factors, "includi...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected