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OPINION

Obama to launch ‘crack down’ on manipulation, rigging of oil markets

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
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President Obama will offer a plan Tuesday to boost oversight of oil markets and “crack down” on potential manipulation, the White House said.

Obama is slated to deliver a Rose Garden statement in the late morning, the latest in a slew of recent energy-related speeches and remarks as the White House seeks to limit political damage from high gasoline prices.

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Gasoline prices have risen sharply this year but recently leveled off and eased slightly. The average nationwide cost for regular gasoline is $3.90 per gallon, according to AAA.

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