Eight Democratic governors asked two weeks ago for an investigation by the Federal Trade Commission, which already had begun the probe. "To price-gouge consumers under normal circumstances is dishonest enough, but to make money off of the severe misfortune of others is downright immoral," the governors said in a letter to the commission.
Lingle has asked Attorney General Mark Bennett to join other state attorneys general in supporting the FTC investigation of possible unlawful conduct. The Senate has approved a $1 million amendment to an appropriations bill to pay for the investigation.
In a letter to the FTC, the governors cited a study by Don Nichols, a University of Wisconsin economist, concluding that for gas prices to reach $3 a gallon, crude oil prices would have to reach $95 a barrel, about $30 more than they have remained in recent weeks.
Monday, October 3, 2005
Takin' it up the gas...
There is price gouging going on...
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