No Evidence of Gas Pricing Conspiracy
The federal Competition Bureau says it has found no evidence of a conspiracy to fix gasoline prices following Hurricane Katrina.
The bureau started the investigation -- one of many it has conducted over the years -- amid allegations by independent retailers of predation and margin squeezing in the Canadian gasoline industry.
The bureau's commissioner of competition, Richard Taylor, said severe damage to North American refining capacity inflicted by Hurricane Katrina forced gasoline prices to spike in September 2005.
Taylor says the subsequent dramatic reduction in supply forced wholesale prices to jump, resulting in higher prices at the pumps.
The bureau also found nothing to support allegations from independent retailers of predatory pricing and margin squeezing in the gasoline industry in Ontario and New Brunswick.
TheStarPhoenics
The bureau started the investigation -- one of many it has conducted over the years -- amid allegations by independent retailers of predation and margin squeezing in the Canadian gasoline industry.
The bureau's commissioner of competition, Richard Taylor, said severe damage to North American refining capacity inflicted by Hurricane Katrina forced gasoline prices to spike in September 2005.
Taylor says the subsequent dramatic reduction in supply forced wholesale prices to jump, resulting in higher prices at the pumps.
The bureau also found nothing to support allegations from independent retailers of predatory pricing and margin squeezing in the gasoline industry in Ontario and New Brunswick.
TheStarPhoenics
posted by Ottawa Gas Prices | 9:50 PM
1 Comments:
Yeah, okay. Another case of the little people getting screwed by gov't and big gas. Arghhhhh!!!!!!!!!!!
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