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9/21/05

Businessweek: Gasoline price probe started in US

Businessweek

Gasoline price probe started in US

The Federal Trade Commission has started investigating whether there was any illegal behavior that may have led to gasoline price gouging after Hurricane Katrina, and FTC official told a U.S. Senate panel Wednesday. He also warned that the investigation will be difficult because price gouging isn't illegal under federal law, nor is it easily defined.

Speaking before the Senate Committee on Commerce, Science and Transportation, FTC Associate General Counsel for Energy John Seesel said staffers are looking into whether "unlawful conduct affecting refinery capacity or other forms of illegal behavior have provided a foundation for price manipulation."

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