Sens. Klobuchar and Grassley want FTC to look at anti-competitive oil practices

In Washington, U.S. Senators Amy Klobuchar (D-MN) and Chuck Grassley (R-IA) said that a new report on anti-competitive practices by oil companies to block biofuels underscores the need for action to protect consumers. The report from the Renewable Fuels Association (RFA) found that unbranded or independent stations are roughly four to six times more likely to offer E85 and 40 times more likely to offer E15 than stations carrying a “Big Five” oil brand. Klobuchar and Grassley have called on the Federal Trade Commission to evaluate concerns that oil companies may be engaging in anti-competitive practices. Klobuchar is the chair of the Antitrust Subcommittee and Grassley is the ranking member of the Judiciary Committee.