Tag: Gasoline

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Federal Trade Commission Chairman Deborah Platt Majoras today testified before a joint Senate hearing of the Committee on Commerce, Science and Transportation and the Committee on Energy and Natural Resources, detailing the FTC’s extensive experience in enforcing the nation’s antitrust laws...
The Federal Trade Commission today issued a report entitled “Gasoline Price Changes: The Dynamic of Supply, Demand, and Competition.” The Report analyzes the many factors that influence fluctuations in the prices that U.S. consumers pay for gasoline at their local gas station. It examines a wide...
  The Federal Trade Commission today issued a report by staff of the Bureau of Economics entitled, “The Petroleum Industry: Mergers, Structural Change, and Antitrust Enforcement.” The report presents a detailed overview of structural changes in the petroleum industry and describes Commission law...
In testimony today, the Federal Trade Commission told the Subcommittee on Energy and Air Quality of the House Committee on Energy and Commerce that the price of crude oil, not mergers in the petroleum industry, is the major factor in determining gasoline prices at the pump. William Kovacic, FTC...
The Federal Trade Commission today reinstated charges that the Union Oil Company of California violated antitrust laws by defrauding the California Air Resources Board (CARB) in connection with regulatory proceedings regarding development of reformulated gasoline.
Testifying today on behalf of the Federal Trade Commission before the Subcommittee on Antitrust, Competition Policy, and Consumer Rights of the Senate Judiciary Committee, General Counsel William Kovacic detailed the agency’s initiatives to maintain competitive energy markets, and said that the...
By a 5-0 vote, the Federal Trade Commission today closed its investigation of Sunoco, Inc.’s (Sunoco) proposed acquisition of the El Paso Corporation’s Coastal Eagle Point Oil Company (Coastal). As part of its acquisition of Coastal, Sunoco, which owns three refineries in the greater Philadelphia...
In comments provided on October 15 at the request of Wisconsin State Rep. Shirley Krug, the Federal Trade Commission's Office of Policy Planning, Bureau of Competition, and Bureau of Economics stated that Wisconsin's Unfair Sales Act likely leads to significantly higher gasoline prices for...
In comments provided last Friday at the request of New York Attorney General Eliot Spitzer, the staff of the Federal Trade Commission’s Office of Policy Planning and Bureau of Competition stated that there is a “significant risk” that the Motor Fuel Marketing Practices Act (MFMPA, Bill Nos. A....
  Staff of the Federal Trade Commission's Office of Policy Planning, Bureau of Economics, and Bureau of Competition yesterday filed comments with North Carolina Attorney General Roy Cooper and State Senator Daniel G. Clodfelter, Chairman of the Judiciary I Committee, stating that the proposed...
The Federal Trade Commission today issued an administrative complaint against Union Oil Company of California (Unocal) for allegedly committing fraud in connection with regulatory proceedings before the California Air Resources Board (CARB) regarding the development of reformulated gasoline (RFG).
Policies other than gasoline price controls provide the best options for reducing retail gasoline prices and preventing gasoline shortages in Hawaii, according to Jerry Ellig, Deputy Director of the Federal Trade Commission's Office of Policy Planning (OPP). Ellig presented testimony on behalf of...
  In comments provided last week at the request of New York Governor George Pataki, staff of the Federal Trade Commission's Bureau of Competition and Office of Policy Planning noted that two pieces of currently pending legislation concerning retail gasoline prices and the operation of retail...
The Federal Trade Commission today outlined the steps it has taken to assure competitive gasoline pricing in the United States. Testifying today before the House Government Reform Committee's Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs, FTC General Counsel William E....
Staff of the Federal Trade Commission's Office of Policy Planning and Bureau of Competition today filed comments with the Commonwealth of Virginia's House of Delegates, at its request, regarding Senate Bill No. 458, "Below Cost Sales of Motor Fuels," saying that such legislation is unnecessary and...
Resolving its competitive concerns regarding the proposed $6 billion merger of petroleum refiners Valero Energy Corporation (Valero) and Ultramar Diamond Shamrock Corporation (Ultramar), the Federal Trade Commission today announced a proposed consent order that would allow the transaction to...
Through a proposed consent agreement reached with the Federal Trade Commission and announced today, the $45 billion merger of Chevron Corp. (Chevron) and Texaco Inc. (Texaco), two of the world's largest integrated oil companies, would be allowed to proceed, with significant divestitures required...
The Federal Trade Commission today announced the completion of its investigation of various marketing and distribution practices employed by the major oil refiners in Arizona, California, Nevada, Oregon, and Washington ("Western States"). After an almost three-year investigation, the Commission...

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