By Ramsey Cox
“We need a true cop-on-the-beat policing the vital oil market,” Cantwell said in a statement. “That’s why I plan on asking the Department of Justice to investigate on a refinery-by-refinery basis and get the answers consumers deserve.”
“Washingtonians were hit hard this year by gas price spikes supposedly caused by supply disruptions,” Cantwell said. “This report indicates that the gas price spike may have been caused by more than just supply and demand.”
According to the McCullough report, the October price spike added up to a 66-cent-per-gallon windfall profit for oil companies — or about $25 million a day. Cantwell said the difference between what drivers actually paid and what they should have paid exceeded $1 billion.
Earlier this year, Cantwell asked the Federal Trade Commission to look into why her home state’s gas prices spiked in May, while national average prices fell.