Wednesday, July 06, 2005
No Conspiracy Here -- Why Gas Prices are High
The Federal Trade Commission can find no signs of collusion between oil companies to keep gasoline prices high. The FTC investigated rising prices. Their report says market factors such as rising crude oil prices and higher demand around the world are driving the price up. On the positive side, when you adjust for inflation, gasoline is cheaper than it was in 1919. (WashPost)
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2 comments:
...and also cheaper than it was from 1979-1984.
(from page 11 of the report)
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