US Senators Want 'Elevated and Volatile' West Coast Pump Prices Investigated

The Senators expressed concern that current prices at the pump are "disproportionate to the rise and subsequent decline in the price of crude oil over the past month."

Reuters

Three U.S. senators wrote to the U.S. Federal Trade Commission on April 5 to urge an investigation into "elevated and volatile" prices for gasoline, diesel and jet fuel.

Senators Maria Cantwell, Dianne Feinstein and Ron Wyden, all Democrats from the U.S. West Coast, urged the agency to focus on trading practices that set benchmark prices that may have affected prices of fuel sold in California, Oregon and Washington.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access