An FTC Probe Finds Minimal Gas Gouging
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
WASHINGTON – The Federal Trade Commission yesterday 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 today’s hearing.
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