Amid the seemingly inexorable rise in gasoline prices, a Democratic senator is demanding federal regulators launch an investigation to ensure skyrocketing prices at the gas pump are not the result of excessive speculation or market manipulation. Sen. Maria Cantwell of Washington released a breakdown of public data showing that excessive oil speculation costs Spokane, Wash., drivers $8 to $16 per tank. This “speculative premium” costs drivers up to 64 cents per gallon, Cantwell says. The price consumers pay at...




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