Monday, May 22, 2006

No price gouging by Big Oil?

Why, how can this be? From Breitbart/AP:
An investigation by U.S. antitrust authorities found no evidence that oil companies illegally manipulated gasoline prices or constrained oil refining operations, the Federal Trade Commission said on Monday.

However, the agency said it had found 15 examples that fit lawmakers' definition of price-gouging at the "refining, wholesale, or retail level." It said factors like regional and local market trends appeared to explain the pricing in nearly all the cases.
Durbin the Turban and others were DYING to implement a windfall profits tax on those evil gouging companies! But they're not gouging us? The next thing you know, somebody will attribute the rise in gas prices to that "supply and demand" thingee!