Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Friday, August 31, 2007

There is No Antitrust Conspiracy to Blame For Your High Gas Prices

Posted by D. Daniel Sokol

Yesterday the FTC and DOJ released the their Report On Spring/Summer 2006 Nationwide Gasoline Price Increases.  In what is perhaps a shock to nobody (except those in Congress), it turns out that prices are a function of supply and demand.  In particular the report lists six factors for the price increases:

(1) seasonal effects of the summer driving season; (2) increases in the price of crude oil; (3) increases in the price of ethanol; (4) capacity reductions stemming from refiners’ transition from the fuel additive methyl tertiary-butyl ether to ethanol; (5) refinery outages resulting from hurricane damage, other unexpected problems or external events, and required maintenance; and (6) increased consumer demand for gasoline beyond the seasonal effects of the summer driving season.  

http://lawprofessors.typepad.com/antitrustprof_blog/2007/08/there-is-no-ant.html

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