Dianne Feinstein tells regulators to investigate high gas prices, again [View all]

[Cleita]

Last edited Tue Oct 9, 2012, 02:12 AM - Edit history (1)

Dianne Feinstein tells regulators to investigate high gas prices, again
Sacramento Business Journal by Steven E.F. Brown, Web Editor
Date: Monday, October 8, 2012, 1:48pm PDT

Six weeks after calling for an investigation into high California gas prices, Sen. Dianne Feinstein once again told the Federal Trade Commission that Golden State drivers are being gouged.

Dianne Feinstein letter to FTC">In a letter to FTC boss Jon Leibowitz, Feinstein wrote of "malicious trading schemes in the California gasoline market."

Feinstein sent an earlier letter to Leibowitz complaining of price spikes "unjustified by supply and demand" on Aug. 28.
Citing a possible "illegal short squeeze," Feinstein called for not only an FTC investigation, but also better monitoring of the gasoline and oil markets and also the creation of a "permanent gasoline and oil market oversight unit."

More at:http://www.bizjournals.com/sacramento/news/2012/10/08/feinstein-regulators-gas-prices-investig.html

There is more to this gas price gouging than meets the eye and it's pretty suspicious just before the election.