State of competition in gasoline marketing. Part I. Effects of refiner operations at retail (a study required by Title III of the Petroleum Marketing Practices Act). Volume III. Appendix D, excerpts from Title III hearings, and Appendix E, data collection forms and subpoena specifications
The first section of this digest deals with the documentation of alleged subsidization by refiners and wholesalers presented at the regional hearings. A series of attachments contains the quantitative data, as well as responses from companies accused of subsidization. The second section focuses on the costs of marketing gasoline. A significant element in any discussion of subsidization is the relationship between selling price, operating costs, and the volume of gasoline sold. Are integrated marketers using profits from one segment of their operations to offset losses incurred at the retail marketing level as a result of selling below cost. As the testimony reveals, there is a wide range in the perceived marketing costs by different types of marketers. The third section relates to the impacts of DOE regulations on the behavior of different gasoline marketers. Much of the testimony at the regional hearings dealt with competitive problems, including instances of government induced subsidization, created by DOE's price and allocation regulations. The final section compiles the proposed remedies suggested by various witnesses at the hearings. These proposals included: A. divorcement or divestiture of refiner and wholesaler operated retail outlets, B. decontrol of motor gasoline, C. functional accounting for retail marketing operations, and D. the establishment of rack pricing for all gasoline marketers. We believe that the following distillation of the testimony presented at the regional hearings on Title III of the Petroleum Marketing Practices Act is indicative of the perceived competitive problems confronted by various gasoline retailers, wholesalers, and refiners in today's marketplace.
- Research Organization:
- Department of Energy, Washington, DC (USA). Assistant Secretary for Policy and Evaluation
- OSTI ID:
- 5230459
- Report Number(s):
- DOE/PE-0019(Vol.3)
- Country of Publication:
- United States
- Language:
- English
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State of competition in gasoline marketing. The effects of refiner operation at retail (a study required by Title III of the Petroleum Marketing Practices Act)
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29 ENERGY PLANNING
POLICY AND ECONOMY
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HEARINGS
MARKETING
SUBSIDIES
FINANCIAL INCENTIVES
FUELS
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020700* - Petroleum- Economics
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021000 - Petroleum- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
293000 - Energy Planning & Policy- Policy
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