By Andrew Restuccia - 05/06/11 04:11 PM EDT
"[O]ne of the things the attorney general task force will be looking at is coordinating with state attorneys general to make sure that we don’t have a what I’ve heard described as a “rockets-and-parachutes phenomenon,” where prices at the pump rocket up when oil prices rocket up, and yet they come down in a parachute fashion when oil prices go down," Carney told reporters en route to Indiana, where President Obama will make a speech on energy policy. "So we want to make sure that a drop in oil prices is appropriately reflected in a drop in gas prices at the pump."
But Carney declined to make any predictions about oil and gas prices.
"We don’t predict markets here, obviously. And we have seen a drop. We have — but they go up and down," he said.
President Obama announced the formation of the oil-market manipulation task force last month.