Spurred by the request from eight governors of Midwestern and Western states, the Federal Trade Commission (FTC) will investigate reports of price fixing after Hurricane Katrina drove up fuel prices three weeks ago. What's not clear is whether this is centered on the spike to $3.00-3.50/gallon that most of the country saw, or the localized instances of prices over $5/gallon. With prices on the wholesale futures market climbing over $3 at one point (among other reasons), I wouldn't recommend that anyone hold their breath while waiting for the FTC to come back with a report that's critical of the petroleum industry.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X