FTC Urged To Prevent Gas Price Gouging After Refinery Fire

Law360, New York (August 17, 2012, 3:12 PM EDT) -- Sen. Ron Wyden, D-Ore., called on the Federal Trade Commission Thursday to prevent oil companies from gouging consumers following a Chevron Corp. refinery fire in California that lowered supply, a statement that comes as he’s positioned to helm the Senate Energy and Natural Resources Committee.

In letters to the FTC and the U.S. Energy Information Administration, Wyden said the agencies should “closely monitor West Coast petroleum product supplies and prices to ensure that oil companies are not taking unfair advantage of the situation to jack up...
To view the full article, register now.