Senate panel calls hearing on high US pump prices

Newswire

WASHINGTON, Aug 19 (Reuters) - The Senate Energy Committee will hold a hearing next month on what's behind record-high U.S. gasoline prices, the panel said on Friday. Driven by tight supplies and U.S. crude prices near $70 a barrel, average retail gasoline prices hit a record $2.55 a gallon this week, according to government data. That's about 68 cents higher than just a year ago and the biggest weekly increase on record, which has triggered fears that high energy costs could hurt U.S. ...

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