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Feinstein asks FTC to probe price-gouging after Chevron refinery fire

Tuesday, August 28, 2012

Not that anything will happen from it, but Sen. Dianne Feinstein has asked the Federal Trade Commission to open an investigation into gasoline price gouging after Chevron’s August 6 Richmond refinery fire. (If the agency investigated every refinery shutdown, slowdown, and maintenance event that contributes to what the public widely suspects as gouging, would the agency ever stop investigating?)

In a letter, Feinstein says the 30 cent price spike since the fire isn’t justified by the law of supply and demand and quotes a Chevron spokeswoman as saying, “There is an excess of gas on the West Coast.” SF Business Times
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