A cartoon in the May 13 "Sunday Briefing" on page F2 of the Washington Post furthered a left-wing talking point against "Big Oil" that a comprehensive study by the Federal Trade Commission (FTC) debunked last year: that oil companies artificially manipulate gas prices by squeezing supply.
A cartoon from the Newark Star-Ledger's Drew Sheneman depicts a man fueling his car asking a cigar-smoking "Oil Co." representative, "Why do gas prices always go up right before the summer vacation season?" "Coincidence," replies the oil executive, as he stands atop the fuel line, bottlenecking the gas on its way to the motorist's car. The price atop the pump reads $3.50.
The implication, of course, is that the petroleum industry artificially bottlenecks supply to jack up fuel costs.
But that's not true, previous probes into allegations of price gouging have determined, including a May 22, 2006 FTC study of post-Hurricane Katrina gas prices.
Among the major conclusions, the FTC post-Katrina found: