Event
FTC report on the price of gasoline, 1917
On 11 April 1917 the FTC reported that the Standard companies had kept a division of territory in gasoline and that no substantial competition existed among them, which it put down to shared stock ownership from the decree. It found no direct evidence of collusion. It is an agency finding sent to the Attorney General, not a court ruling.
- Dates
- 11 Apr 1917
The report is about gasoline in 1915 and about shared ownership and marketing territories. It names no one as directing the companies.
Connections 3
involved
- U.S. Federal Trade Commission made the findings Primary record 1
- Standard Oil its pieces, the “Standard companies,” are the subject: no substantial competition among them in 1915, which the FTC attributed to shared stock Primary record 1
- U.S. Department of Justice received the Commission’s findings and evidence for such action, if any, as it thought proper Primary record 1
Timeline 1 date
- 11 Apr 1917 FTC report on the price of gasoline, 1917
Proof 1 source
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Report on the Price of Gasoline in 1915, U.S. Federal Trade Commission, 11 Apr 1917.
Primary record
That the several Standard companies have maintained a distribution of territory in the marketing of gasoline, and that no substantial competition in the chief petroleum products exists among the several Standard companies.
The Commission has found no direct evidence of collusion among the several Standard companies in violation of the dissolution decree.
That this absence of competition is due to a community of stock ownership, which community of interest is the result of the ratable distribution of stock under the dissolution as ordered by the court.
But it did in fact, if not in law, remain a combination
The Commission’s findings, together with the evidence, have, therefore, been submitted to the Department of Justice for its consideration
Page history 1 change
- Second revision of Too Big to Fail: the FTC's 1917 finding, the 1952 report's seven firms, the 1984 hearing record, and corrected cards for Spirit, beef, tickets, Google and the final verdict05663c47
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