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Oil and Gas Prices

Oil and gasoline are commodities that are critical to American consumers, so the Federal Trade Commission devotes significant resources to make sure that these markets remain competitive, using all the powers at its disposal to protect consumers from anticompetitive conduct and unfair or deceptive practices. This includes reviewing oil industry merger and acquisitions; investigating the business conduct of oil and gas companies for possible antitrust violations; monitoring prices in hundreds of markets throughout the United States; and researching key issues affecting oil and gas competition. Because of its long history of studying and monitoring petroleum markets, the FTC has specialized expertise on issues that affect the production and distribution of gasoline.