The Oil Drum: The Senate and Price Gouging

Yesterday, Super G opened up a discussion about what level is the biggest cause of the rising price of gasoline. Our source, who helped explain how the industry works, suspects that price gouging is most likely to be found at the retail level
If only the government understood how the market works. This morning, NPR had a story about yesterday’s Senate Energy and Natural Resources Committee meeting. This meeting had been scheduled even before Katrina hit, and the Senators were already intent on sticking it to Big Oil.

More on oil and gas prices and why after the jump to The Oil Drum, (the comments are especially good in this post).