FTC Issues New Report on Gasoline Prices and the Petroleum Industry

Crude Oil Prices Continue To Be The Main Driver of Retail Gasoline Prices

Washington, DC–(ENEWSPF)–September 1, 2011.  The Federal Trade Commission today issued a Bureau of Economics staff reportexamining trends in the petroleum industry and how they have affected gasoline prices between 2005 and early 2011.  It concludes that while a broad range of factors influence the price of gasoline, worldwide crude oil prices continue to be the main driver of what Americans pay…