Oregon gas prices fall as market rigging suspicions rise

| Print |  Email
Must Reads
Wednesday, June 13, 2012

The average price of gas in Oregon fell 13 cents in one week, raising suspicions of market rigging.

Robert McCullough, the Portland analyst who helped topple Enron over predatory electricity trading a decade ago, has issued a report arguing that gasoline prices should have never reached this spring's dizzying, budget-draining heights.

Late Tuesday, U.S. Sen. Ron Wyden, D-Ore., joined Washington's Maria Cantwell in calling for a federal investigation into the spring's run-up in Northwest gas prices.

“Market forces do not fully explain the extremely high gas prices being charged to West Coast consumers in recent months,” Wyden said in an email. “I continue to believe that the oil markets are being driven by factors beyond supply and demand."

Read more at OregonLive.com.

{biztweet}oregon gas{/biztweet}

 

More Articles

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Closing the Gap: The two Oregons and the way forward

February 2015
Monday, January 26, 2015
BY JOE CORTRIGHT

"Nostalgia is not an economic strategy."


Read more...

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Labor Pains

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN

Thinking about starting an internship program? Be careful. Navigating unpaid internships can be tricky.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS