Senator Reid raises possible FTC probe of gasoline prices

Reuters News
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Posted: Feb 28, 2012 3:09 PM
Senator Reid raises possible FTC probe of gasoline prices

WASHINGTON (Reuters) - Senate leader Harry Reid on Tuesday said he hoped the Federal Trade Commission can look into rising domestic gasoline prices, noting "rampant speculation" in oil markets.

"I would hope the Federal Trade Commission can help us" by probing the run-up in prices, Reid said in response to a reporter's question about what lawmakers could do to tackle rising retail gasoline prices.

(Reporting By Richard Cowan)