By Peter Kaplan
WASHINGTON, July 5 (Reuters) - The rapid rise in U.S. gasoline prices since last year is due mostly to increasing worldwide demand for crude oil rather than collusion or consolidation in the oil industry, U.S. antitrust regulators concluded in a report issued on Tuesday.
The report by the Federal Trade Commission blamed the gas price hikes on soaring worldwide demand for crude oil and said prices are a reflection of "producers' costs and consumers' ...
Sign in to access
this Article
"FTC blames oil demand for U.S. gasoline price rise" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
