Thursday, August 30, 2007

Feds find no conspiracy in 2006 gas price spike | - Houston Chronicle

I guess Congress will apologize after this report:
"Market forces, not price gouging, caused the cost of gasoline to rise during the spring and summer of 2006, according to a report sent to President Bush today by federal antitrust regulators. The report said U.S. pump prices surged — as high as $3.02 a gallon, on average, in mid-August — as a result of increased customer demand, the rising cost of crude oil and ethanol, refinery outages and other factors. "
And of course, I called it exactly one year ago today.


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