FTC plans second conference on gasoline pricing issues

Jan. 2, 2002
The US Federal Trade Commission will hold a public conference in May to examine why retail gasoline prices fluctuate so widely. The antitrust regulator said participants at an initial conference on the subject last August raised issues that merit further examination.

By the OGJ Online Staff

WASHINGTON, DC, Jan. 2 -- The US Federal Trade Commission will hold a public conference May 6-9 to examine why retail gasoline prices fluctuate so widely.

The antitrust regulator said participants at an initial conference on the subject last August raised issues that merit further examination (OGJ Online, July 13, 2001).

Last August speakers from industry, consumer groups, and state regulatory agencies focused on both domestic and international aspects of retail gasoline markets. The discussion included: the supply of crude oil, including exploration, production, importation, and transportation; the refining of fuel products and the importation of refined products; the transportation of products; and the marketing and distribution of fuels.

During the May conference, the commission will hear from a wide range of parties, including consumer groups, industry participants, and independent analysts.

FTC also is seeking analytical and empirical papers and public comment. The agency expects to summarize and discuss these insights in a public report to be released later.