VOL. XLV

No 19

13-May-2002

GENERAL

US Senate Report Finds DomesticMarket Concentration Responsible For High Gasoline Prices

TheUS Senates Permanent Subcommittee on Investigations has found that the US domestic retail gasoline market is manipulated by large vertically-integratedoil companies whose refineries and distribution networks control largepercentages of the market.Listed amongthe findings of the subcommittee is the statement that if concentration in theoil industry continues to increase,...