The Price of Gasoline

April 18, 1925

Report Outline
Cost of Gasoline Production
Dominance of the Standard Companies
Production Amd Consumption of Gasoline
Movement of Gasoline Prices
Summary of Price Changes 1918–1924
Gasoline Price Changes 1925
Differences in Prices Between Cities
Charges of Monopoly and Trade Restraint
Recommendations of Investigating Bodies
Special Focus

Sharp Increases in the prices of gasoline during January and February, which carried, the average price nearly 50 per cent above the December level, led to the introduction of a resolution by Senator Trammell, B., Florida, during the special session of the Senate for a new investigation of the oil industry by the Federal Trade Commission. Senator Trammell, failed to secure action on his resolution prior to the adjournment of the special session, but the resolution will be pending when Congress reconvenes and the action finally taken upon It will depend in large measure upon the course of gasoline prices during the coming months.

Previous Investigations

During the last ten years the oil industry has been under practically continuous investigation by federal agencies. Nine investigations of various phases of the Industry have been made by the Federal Trade Commission. Four of these related directly to the high cost of gasoline. The Senate Manufactures Committee, under the chairmanship of Senator LaFollette, Investigated the condition of the industry and the prices of petroleum products in 1922–23, and the Department of Justice, at the request of the President, made an investigation of gasoline prices in the spring of 1924. Attorney General Sargent announced on April 15 that a new investigation of gasoline prices had been undertaken with a view to filing additional suits under the Sherman act, if price manipulation was disclosed.

The almost continuous Investigation of the oil industry, in which state agencies have joined during recent years, reflects an attitude of suspicion on the part of the general public, which appears to be due principally to the fluctuations from time to time and the differences from place to place in the prices of gasoline, and to a belief that the fixing of prices, without regard to conditions of supply and demand, has netted large profits to the dominant oil companies.

ISSUE TRACKER for Related Reports
Oil and Gasoline Prices
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Nov. 01, 2011  Future of the Gulf States
Jan. 04, 2008  Oil Jitters Updated
Jul. 2007  Energy Nationalism
Sep. 30, 2005  Domestic Energy Development
Jan. 24, 2003  Oil Diplomacy
Aug. 07, 1998  Oil Production in the 21st Century
Aug. 23, 1991  Oil Imports
Oct. 30, 1987  Persian Gulf Oil
Apr. 04, 1986  Oil Prices
Dec. 23, 1983  Quest for Energy Independence
Sep. 23, 1983  OPEC: 10 Years After the Arab Oil Boycott
May 29, 1981  Western Oil Boom
Aug. 25, 1978  Oil Imports
Feb. 10, 1978  Oil Antitrust Action
Dec. 17, 1976  Alaskan Development
May 17, 1974  Arab Oil Money
Mar. 15, 1974  Oil Taxation
Jul. 18, 1973  Offshore Oil Search
Mar. 28, 1973  Persian Gulf Oil
Nov. 01, 1972  Gasoline Prices
Oct. 14, 1970  Fuel Shortages
Nov. 12, 1969  Alaskan Oil Boom
Dec. 11, 1968  Oil Shale Development
Oct. 26, 1960  World Oil Glut
Sep. 10, 1958  Middle East Oil
Oct. 30, 1951  Oil Nationalization
Aug. 11, 1950  Oil Imports
Apr. 23, 1947  Oil of the Middle East
Jan. 22, 1946  Offshore Oil
Mar. 09, 1944  Oil Supply
Dec. 24, 1935  Oil in World Politics
May 07, 1931  Control of Production in the Oil Industry
Mar. 27, 1929  The Oil Leasing Policy of the New Administration
Jun. 08, 1927  Oil Conservation and Stabilization
Feb. 08, 1926  The Mexican Land and Petroleum Laws
Apr. 18, 1925  The Price of Gasoline
Feb. 11, 1924  Background of the Oil Lease Cases
Sep. 01, 1923  Gasoline
International Energy Trade and Cooperation
Oil and Natural Gas