Ftc: Katrina Price Gouging Minimal; Study Says It Finds No Evidence of Widespread Gas Market Manipulation

Summary


WASHINGTON (AP) - The Federal Trade Commission on Monday said a nine-month investigation revealed a smattering of gasoline price gouging after Hurricane Katrina, though not any widespread effort by the oil industry to manipulate the marketplace.

Industry officials lauded the report's findings, while Democratic members of Congress lambasted them and promised some tough questioning for FTC officials at a Tuesday hearing.

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Ftc: Katrina Price Gouging Minimal; Study Says It Finds No Evidence of Widespread Gas Market Manipulation

The agency sought to downplay the instances of post-hurricane price gouging by seven refiners, two who...

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