Energy Department wants to know if price gouging was involved in
the unusually large gasoline price jumps that followed the Northeast
power blackout and continued through the Labor Day weekend, The
Associated Press reported.
Secretary Spencer Abraham told lawmakers DOE began an inquiry to
determine whether factors other than normal market conditions played
a role in the price increases.
irregularities are found, the information could be turned over to
the Justice Department or the Federal Trade Commission.
told a House hearing on the electricity blackout that while gasoline
prices normally increase in the days leading up to the heavily traveled
Labor Day weekend, the recent price spikes ''struck me as being
unusually large,'' prompting a decision to look into the matter.