March 31 - Uncompetitive oil company practices, regressive energy policy keep gas prices high

In the past decade, mergers in the oil industry have resulted in an uncompetitive domestic oil market that keeps gas prices artificially high for consumers while the top oil companies rake in record-setting profits, Public Citizen said today in a new report, Mergers, Manipulation and Mirages: How Oil Companies Keep Gasoline Prices High, and Why the Energy Bill Doesn’t Help.

The national public interest organization is calling on the U.S. government to fix the price crisis through increased oversight and regulation, as well as stronger fuel economy standards to reduce the United States’ dependence on oil.

To read the full press release, click here.

Click here to read the report.

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