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

100 Best Green Workplaces announced

News
Wednesday, May 27, 2015
OBM-100-best-Green-logo-2015-1000pxwBY LINDA BAKER | EDITOR

More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.


Read more...

Destination Resorts 2.0

June 2015
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN

As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.


Read more...

The ancient fish that stops bullets

The Latest
Friday, May 08, 2015
hagfishthumbBY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN

Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

Efficiency Boost

June 2015
Friday, May 22, 2015
BY JOE CORTRIGHT

How conservation stimulates the local economy.


Read more...

Hall of Flame

June 2015
Friday, May 22, 2015
BY JACOB PALMER

A Power Lunch at Oswego Grill.


Read more...

6 things to know about the Amtrak Cascades route

The Latest
Friday, May 22, 2015
thumb3BY JACOB PALMER | DIGITAL NEWS EDITOR

The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C. 


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