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State to release final 2008 Gas Price Study

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April 15, 2008

MEDIA ADVISORY: State to release final 2008 Gas Price Study on Thursday

SEATTLE— Attorney General Rob McKenna will unveil the final results of a year-long investigation into fuel prices in Washington state at a news conference Thursday afternoon at the Attorney General’s Seattle Office.

What: News conference announcing final 2008 Gas Price Study findings

Who:

·       Washington Attorney General Rob McKenna will be present in person.

·       University of Washington Economist Keith Leffler will participate by phone.

·       Staff from the Attorney General’s Office and the state Department of Community, Trade and Economic Development will also be present.

When:  2 p.m. on Thursday, April 17

Where: Attorney General’s Seattle Office
Bank of America Fifth Avenue Plaza Building
800
Fifth Avenue, Suite 2000
Corner of 5
th and Marion St. across from the Methodist church.

Chief Sealth Conference Room. Check in at the 20th floor reception desk.

Pedestrian entrance is on 5th Ave. Parking is available in the building; enter on Columbia Street. Unfortunately, the Attorney General’s Office cannot validate. Other parking options include street meters and the Seattle City Library.

Conference call: (800) 423-1988, PIN Code: 1228555#

Please remember to mute your phone when you are not speaking.

Visuals: Powerpoint Presentation. Reporters unable to attend in person may follow along online. The presentation will be posted at http://www.atg.wa.gov/gas.aspx. The report will be available at the press conference and online.

Background and Additional Resources:

The Attorney General's Office has an important role to play in ensuring that gas prices occur in a competitive environment.

The last comprehensive study on Washington gas prices was published by the state Energy Office (now CTED’s Energy Policy Division) in July 1991. Click here for a copy of the 1991 report in PDF format.

State officials felt new research was needed to address recent questions concerning high gas prices in Washington. The Attorney General’s Office announced results from Phase I--the fact-finding phase of our research in August and discussed findings during three public forums in January and February 2008. Click here for a copy of the Phase 1 report in PDF format. We will release the final report during Thursday’s press conference.

In addition to this investigation, the Attorney General’s Antitrust Division collects and analyzes petroleum pricing data every month and publishes a quarterly Gasoline Report that helps explain factors that affect gasoline prices in Washington. That report is available online at http://www.atg.wa.gov/Antitrust/GasPrices/GasolineReport.aspx.


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