About Us > News & Updates > Oil & Gas Expert Dr. Michael Noel Cited in FTC Study of Gasoline Pricing

October 28, 2011

Dr. Michael Noel's research, which demonstrates that the volatility in crude and gasoline prices is driven by strong competition, played a central role in the FTC's first comprehensive investigation of U.S. petroleum industry pricing in five years. In formulating its conclusions, the FTC cites Dr. Noel's published research extensively, finding no evidence of anti-competitive behavior. Read the FTC's September 2011 study.