UPDATE 2-U.S. lawmakers scramble to address pump prices

Newswire

(Adds FTC comment, Hill action, Obama presser) By Chris Baltimore WASHINGTON (Reuters) - The speaker of the House and other top Democrats Friday urged the Federal Trade Commission to investigate record high gasoline prices, capping off a week of frantic lawmaker action on soaring pump prices. Democrats and Republicans in Congress are both scrambling to address gasoline prices that average more than $3.50 a gallon nationwide and are predicted to peak above $3.60 in June, the beginning ...

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