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Organization of Petroleum Exporting Countries (OPEC)

News releases and a list of publications
Information about member countries includes statistics on oil production capacity
Current prices of crude oil (which may be less than commodity markets)
Production plans and OPEC reserves

OVERVIEW

Energy Markets: Factors that Influence Gasoline Prices
- Crude oil is the primary determinant of gasoline prices
- Other factors include demand, refinery capacity, declining inventories, and environmental regulations (e.g. specialized fuels)
- Merger of oil companies contributed very little to price rise
- General Accounting Office report dated May 22, 2007

Petroleum Consumer Price Gouging Protection Act

Bill (S. 1419) passed Senate and incorporated into H.R. 6 in 2007 but left out of final Energy Independence and Security Act of 2007 (PL 110-140, H.R. 6) due to threat of Presidential veto

Pilot Travel Centers

Prohibitions on Market Manipulation (Federal Trade Commission)

Federal Register notice of May 1, 2008
Requests comments on how it should proceed to develop regulations countering price manipulation

Public Transit Ridership Continues To Grow In The First Quarter Of 2008

Pumping Up Prices: The Strategic Petroleum Reserve and Record Gas Prices

Selections from hearing held by the House Select Committee on Energy Independence, April 24, 2008
Includes GAO recommendations to replace the type of crude in the reserve and the impact of high prices on the trucking industry

Reed and Levin Call for Federal Task Force to Curb Speculation that is Driving Up Energy Prices

Letter sent to President Bush by Senators Jack Reed and Carl Levin
Speculation may be adding 25% to energy prices
Requests task force to investigate, composed of Secretary of the Treasury; the Chairman of the Securities and Exchange Commission (SEC); the Chairman of the Commodities Future Trading Commission (CFTC); the Chairman of the Federal Trade Commission (FTC); the Chairman of the Federal Energy Regulatory Commission (FERC); and the Attorney General

Renewable Fuels (Diesel Technology Forum)