Permanent Subcommittee on Investigations

“Gas Prices: How Are They Really Set?” Part 2

Date: May 2, 2002
Time: 12:23pm
Location: 342 Dirksen Senate Office Building
Agenda:

The Permanent Subcommittee on Investigations has scheduled two days of  hearings on the Subcommittee’s ten-month investigation into gasoline prices.  In the Spring and early Summer of 2001, most parts of the country experienced a dramatic increase in the price of gasoline.  Numerous consumer groups expressed concern over price gouging.  The oil companies responded that there were problems with supply.  This series of hearings by the Permanent Subcommittee on Investigations will explore how gasoline prices are set and why they have become so volatile.

Member Statements

Senator

Joseph I.

Lieberman

(ID -
 CT)

Senator

Carl

Levin

(D -
 MI)

Witnesses

Panel II

The Honorable

Richard

Blumenthal

Attorney General

State of Connecticut

Panel II

The Honorable

Jennifer

Granholm

Attorney General

The State of Michigan

Panel III

Mr.

Peter

Ashton

President

Innovation and Information Consultants

Panel III

Dr.

Justine

Hastings

Assistant Professor of Economics

Dartmouth College

Panel III

Dr.

R. Preston

McAfee

Murray S. Johnson Professor of Economics

University of Texas

Panel III

Dr.

Phillip K.

Verleger, Jr.

President

PK Verleger, LLC