NPR's Emily Harris reports on a new Federal Trade Commission study into the responsibility of oil companies for the exceptionally high Midwestern gasoline prices last summer. The FTC concludes that the oil industry did not take illegal collective action to drive gasoline prices upward, but that individual companies did limit refinery production to maximize prices. In Chicago, Milwaukee, and other parts of the Midwest, prices at the pump exceeded $2 a gallon.
Copyright 2001 NPR