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FTC: Shell Not Trying to Boost Gas

MSN News: FTC: Shell Not Trying to Boost Gas

27 May 2005

All Associated Press News LOS ANGELES (AP) – Shell Oil Co. wasn’t trying to tighten gasoline supplies and boost prices in California when it decided to close a Bakersfield-area refinery, federal regulators concluded.

The Federal Trade Commission announced Wednesday that it would end a yearlong antitrust investigation that found no evidence the oil company was involved in a price-gouging scheme in California, which had the nation’s highest gas prices.

 

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