US concluding gasoline price probe; another sought


WASHINGTON, April 25 (Reuters) - The U.S. Federal Trade Commission plans to finish by May 19 the results of an investigation Congress ordered last summer into whether oil companies were manipulating gasoline prices or constraining oil refining operations, the agency said on Tuesday. Meanwhile, following a new spike in U.S. retail gasoline prices to the fourth highest pump price ever recorded, President George W. Bush sought a new probe into whether oil companies are overcharging consumers. ...

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