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The Federal Trade Commission maintains competition in the petroleum industry, and has invoked all the powers at its disposal – including the investigation of possible antitrust violations, the prosecution of cases, the preparation of studies, and advocacy before other government agencies – to protect consumers from anticompetitive conduct and unfair or deceptive acts or practices in the industry. In doing so, the FTC has assembled vast competition policy and enforcement expertise in matters affecting the production and distribution of gasoline.
This website describes the FTC’s oversight of the petroleum industry, with special sections on our activities related to merger enforcement, anticompetitive nonmerger activity, and gasoline price data. It also features reports and economic working papers, Congressional testimony, advocacy work, conference proceedings, and studies. Check it often for updates and information on new initiatives.
Petroleum Industry Market Manipulation Rulemaking
Exercising the authority provided by Congress under the Energy Independence and
Security Act of 2007 (EISA), the Federal Trade Commission has approved an Advance Notice of Proposed Rulemaking (ANPR) to solicit public comments on the appropriate
way to interpret and enforce the EISA’s provisions related to preventing market
manipulation in the petroleum industry. Comments must be received by June 6, 2008.
The ANPR is the first step in a formal rulemaking process that will assist the
Commission in determining whether, and in what ways, it should develop a rule defining
and prohibiting market manipulation in the petroleum industry. The Commission hopes
to conclude the rulemaking process by the end of the year.
Advance Notice of Proposed Rulemaking (Federal Register Notice)
File A Comment Electronically
Public Comments Received by the Commission
News Release
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