This Just In: Still No Price Gouging

By May 23, 2006Energy

We’ve mentioned before that the Federal Trade Commission has an entire unit dedicated to investigating prices gouging in the oil industry, some off-shoot to a prior misguided attempt by some prior misguided Congress to blame somebody else for the rise in the price of gas while we sit atop enormous reserves that we’re unwilling to tap.

In any event, the FTC has dutifully reported once again, as it has dozens of times in the past several decades finding — guess what? — that gas prices are being driven by the global market, not by price gouging.