Law360, New York (January 18, 2012, 1:30 PM EST) -- The volatility in gasoline prices over the past decade has raised concern in public and congressional circles. There have been calls for investigation with a particular hypothesis in mind — that oil companies at one or more points on the supply chain are colluding and raising prices to the detriment of consumers.
The Federal Trade Commission (FTC) has conducted numerous comprehensive investigations, most recently in September of 2011, but found the U.S oil industry to be unconcentrated and competitive.
Consumers are not satisfied. The well-documented "rockets...
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