FTC Report: No Evidence Of Gas Price-Gouging

Law360, New York (May 22, 2006, 12:00 AM EDT) -- A nation looking to place blame for rising prices at the pump will have little resolution this week after a Federal Trade Commission probe found scant evidence of price gouging by gas refiners and retailers in the wake of Hurricane Katrina, and said regional or local market trends may explain the higher prices, according to a report released today by the agency.

The report, “Investigation of Gasoline Price Manipulation and Post-Katrina Gasoline Price Increases,” details the results of a Congressionally-mandated investigation into whether U.S. gas prices...
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