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ExxonMobil Charged With Price Gouging

HeadlineSep 29, 2005

Senate Democrats are calling for an investigation into allegations that oil giant ExxonMobil has artificially pushed up the price of gasoline in the wake of hurricanes Katrina and Rita. The Democrats cite accusations from some gas station owners that they had been ordered by the company to raise prices at the pump. The American Automobile Association said on September 9 that “disgruntled” gasoline station owners find themselves in a dilemma because of alleged pressure from ExxonMobil. Eight Democratic governors have demanded that Congress and President Bush launch an investigation into possible price gouging.

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