FTC: Demand Not Speculation Drove Gas Prices

Posted on September 4, 2011 by Vorys

That's the finding of a report just issued by the Federal Trade Commission (FTC), according to this press release.  "The Federal Trade Commission today issued a Bureau of Economics staff report examining trends in the petroleum industry and how they have affected gasoline prices between 2005 and early 2011. It concludes that while a broad range of factors influence the price of gasoline, worldwide crude oil prices continue to be the main driver of what Americans pay at the pump."  You can find a link to the report there as well.

Tags:
Contact Us

Information sent through this Contact Us form or by email is not necessarily secure. Please do not transmit confidential information. Email sent to Vorys or any of its attorneys will not establish an attorney-client relationship. The information you obtain on our website is not, nor is it intended to be, legal advice, nor is it intended to create an attorney-client relationship. Please read our Disclaimer for more information.

Send To A Friend Use this form to send this entry to a friend via email.