Senserely Yours, we are an ad revenue community: you too can rely on AdSense!
Senserely.com is not sponsored by or directly affiliated with Google.

Nope, no gas price fixing here!

gas prices | Government/Politics | price fixing

CNN Money has just reported that the Federal Trade Commission has come back with a “negative” in their investigation into allegations of the big oil companies illegally manipulating gas prices. Despite this overall “negative” finding, the FTC did find “15 examples that fit lawmakers’ definition of price-gouging.”

Is it just me, or should I have been more surprised if they did come back with a report of widespread illegal manipulation of gas prices by these assholes? While I am constantly amazed at the lies that our government tells us on a daily basis (and gets away with), I am still shocked when they release reports like this. All of the evidence points to price fixing, yet the FTC is just fine telling the American people that gas really does cost $3.50 a gallon without artificial manipulation.

I am a bit disappointed that the article is extremely short, but will keep an eye out for a follow-up that will hopefully be a little more informative.

eXTReMe Tracker