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White Paper on Economic Consequences of Gasoline “Price Gouging” Legislation

Council of Economic Advisors, June 20, 2007: “The Nation’s drivers, the Administration, and Members of Congress are rightfully concerned about high gasoline prices and the burden high prices impose on families and businesses, particularly on those low-income households least able to adjust to high prices. All policymakers firmly oppose any anticompetitive practices perpetrated by firms. Any instances of illegal collective anticompetitive action can and should be vigorously fought by the Federal Trade Commission (FTC) and, if criminal conduct is involved, by the Department of Justice.”

  • A White Paper on The Economic Consequences of Gasoline “Price Gouging” Legislation, June 20, 2007
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