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Article: Senators Mull ban on gasoline price gouging.(Ted Stevens drafts legislation to ban price gouging in gasoline)
- Article from:
- The Oil Daily
- Article date:
- May 24, 2006
- Author:
CopyrightCOPYRIGHT 2006 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Despite the opposition of top Bush administration officials, a key Senate Republican chairman and other senators on Tuesday seemed keen to pursue legislative fixes to curtail gasoline price "gouging" and market manipulation.
A day after the Federal Trade Commission (FTC) said it found little evidence of price manipulation, Senate Commerce Committee Chairman Ted Stevens (R-Alaska) said he was drafting legislation to ban price gouging.
Republicans and Democrats alike attacked the FTC report at a panel hearing on price gouging Tuesday. The FTC found no market manipulation, but cited 15 incidents of sharp increases in gasoline prices following Hurricane ...