Tag: Gasoline

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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...
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...
Presenting Federal Trade Commission testimony today before the House of Representatives' Commerce Committee regarding recent gasoline price increases in the Midwest, FTC Chairman Robert Pitofsky described several potential causes for the increases and assured Congress that the Commission's...
Presenting Federal Trade Commission testimony today before the House Judiciary Committee on competition in the petroleum industry, Richard G. Parker*, Director of the FTC's Bureau of Competition, said that while various factors have contributed to higher consumer heating oil and gasoline prices...

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