Tag: gasoline prices

Displaying 1 - 20 of 21 results.

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that oil refiner Tesoro Corporation’s recent acquisition of petroleum-related assets of Chevron Corporation would have reduced competition and violated U.S. antitrust laws.
Oil refiner Tesoro Corporation and one of its subsidiaries have agreed to sell their light petroleum products terminal in Boise, Idaho to settle Federal Trade Commission charges that their $335 million acquisition of pipeline and terminal assets from Chevron Corporation would be anticompetitive. ...
The Federal Trade Commission closed its nine-month investigation into Tesoro Corporation’s acquisition of BP p.l.c.’s southern California marketing and refining assets, in particular BP’s Carson Refinery near Los Angeles. In a statement issued today, the Commission said the proposed acquisition is...
Commission approval of staff comments: The FTC has approved the filing of comments by the staffs of the Bureau of Competition, Bureau of Economics, and Office of Policy Planning with Connecticut Representative Christopher Stone regarding the regulation of wholesale and retail gasoline prices...
Testifying today on behalf of the Federal Trade Commission before the U.S. Senate’s Committee on Commerce, Science, and Transportation, FTC Chairman Deborah Platt Majoras described the major issues addressed in the report released Monday entitled “Investigation of Gasoline Price Manipulation and...
The Federal Trade Commission today issued a report entitled “Investigation of Gasoline Price Manipulation and Post-Katrina Gasoline Price Increases.” The report details the results of an intensive, Congressionally-mandated Commission investigation into whether gasoline prices nationwide were “...
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 response to a request from Kansas State Senator Les Donovan, the staff of the Federal Trade Commission’s Office of Policy Planning, Bureau of Competition, and Bureau of Economics filed comments regarding Bill No. 2330, which would bar the “below-cost” sale of motor fuel. The bill would prohibit...
The Federal Trade Commission’s Office of Policy Planning, Bureau of Competition, and Bureau of Economics have sent a letter to Alabama House of Representatives Speaker Pro Tempore, Demetrius C. Newton, stating that the Alabama Motor Fuels Marketing Act (AMFMA) is likely to harm consumers by...
  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...
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...
Federal Trade Commission Chairman Robert Pitofsky presented the Commission's testimony today before the Senate Subcommittee on Consumer Affairs, Foreign Commerce, and Tourism of the Committee on Commerce, Science, and Transportation concerning FTC merger enforcement in the gasoline industry. The...
After a nine-month investigation into the causes of the gasoline price spikes in local markets in the Midwest during the spring and summer of 2000, the Federal Trade Commission today announced its findings into the causes behind such price increases. While the Commission found no credible evidence...
The Federal Trade Commission today issued an interim report to Congress on its investigation into recent Midwest gas price increases that sets forth the reasons the Commission launched the investigation and provides a status report on the ongoing investigation, including progress to date and a...
Presenting Federal Trade Commission testimony today before the U.S. Senate Committee on Energy and Natural Resources regarding recent gasoline price increases in the Midwest, FTC Competition Director Richard G. Parker described several potential causes for the increases and assured Congress that...

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