May 22, 2006

Oil companies cleared in gas price-fixing probe
The misadministration found no widespread gas-price gouging by the oil industry after Hurricane Katrina.

The FTC sought to downplay the instances of price gouging by seven refiners, two wholesalers and six retailers, chalking up their soaring prices in September 2005 to “regional or local market trends.”
Nothing to see here, move along...

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