A powerful House Democrat wants the Federal Trade Commission to find out if market manipulation is boosting California gasoline prices, which soared a half-dollar per gallon in the last week.
Tuesday’s letter from Rep. Henry Waxman (D-Calif.) to the FTC boosts political pressure on regulators to probe prices that, according to AAA, jumped 49 cents in a week to a current average of $4.67-per-gallon for regular gasoline.
Source: The Hill. Read full article. (link)