US Senate's Reid says sees manipulation of fuel prices

Newswire

WASHINGTON, June 25 (Reuters) - U.S. Senate Majority Leader Harry Reid said Thursday he thinks market manipulation is behind the spike in gasoline prices and federal regulators ought to investigate the matter. "Of course they're being manipulated. We can see that with what's happening in the marketplace today," Reid told reporters when asked about rising pump costs, which he suggested were not justified given that fuel supplies were plentiful. "We have huge inventories of gasoline and we ...

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