Tuesday, June 14, 2011

Inflated gas prices in Europe?

Tuesday, June 14, 2011

BERLIN, may 27 UPI)-some of the largest energy companies in the world of run a cartel for gasoline, because prices market trends are not accused, Berlin said.

Management of European consumers rising prices at the pump, with many payment is more than $8 per gallon, which said the US energy information agency.

Crude oil prices have again almost $10 a barrel in may considered although this trend have followed oil prices not.

The German Federal Cartel Office said large corporations as Royal Dutch Shell, BP, ConocoPhillips, Exxon Mobil and total a "oligopoly" in Europe operate. The Office said that there was no conscious effort to keep gasoline prices inflated, most later involved a price war, prices were expected to be what the German Government while, Telegraph newspaper the daily reports kept London.

A spokesman for BP in Germany denied the allegations the five Super major tell only half of the stations in Germany work.

"There is no control of the market by an oligopoly," the spokesman was cited.


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