|
|
Article: FTC Finds No Collusion In Rising Gasoline Prices
- Article from:
- The Washington Post
- Article date:
- July 6, 2005
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Gasoline prices are increasing primarily because of market
conditions, not collusion or other anti-competitive activities,
according to a report released yesterday by the Federal Trade
Commission.
The report said a variety of factors have pushed prices higher,
including the rising cost of crude oil, increasing domestic and
international demand and federal, state and local regulations. The
findings included descriptions of investigations into specific price
increases and their causes.
The report notes that some observers suspect that mergers, oil
company collusion or other anti-competitive conduct may be the reason
for higher gasoline prices. But it concludes: "The vast majority of
the ...