Author Description

Report prepared by the Majority Staff of the Permanent Subcommittee on Investigations, released in conjunction with the Subcommittee's Hearings on April 30 and May 2, 2002. Chapters: background and findings; Subcommittee investigation; the importance of gas in the U.S.; recent increases in the price of gas, and their economic effects; increasing concentration in the refining industry; the production and marketing of gas; the effects of market structure and concentration on gas prices; how gas prices are set; methodology used for analysis of wholesale and retail price data; and figures relating to majority staff analysis of wholesale and retail prices. Charts, tables and maps.