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Mon Mar 12, 2012, 12:48 PM

Obama Monitors for Gasoline, Diesel Fraud in 360 U.S. Cities [View all]

Last edited Mon Mar 12, 2012, 01:27 PM - Edit history (1)

Source: Bloomberg

By Roger Runningen and Mark Drajem - Mon Mar 12 13:41:08 GMT 2012

The Obama administration is monitoring gasoline and diesel fuel prices in 360 U.S. cities to guard against fraud or price manipulation, according to a White House report released today.

President Barack Obama said at a press conference March 6 that he asked Attorney General Eric Holder to reconstitute a special task force to ensure the government is watching for “potential speculation in the oil markets.” The extent of the gasoline and diesel price monitoring is in today’s report, which also says the administration has made progress weaning the U.S. from foreign oil imports.

“Today’s high gas prices are a painful reminder that there’s much more work to do free ourselves from our dependence on foreign oil and take control of our energy future,” Obama said in a statement released with the report.

The Commodity Futures Trading Commission, which regulates futures markets, has also taken steps to close loopholes that allowed financial trades to evade scrutiny by trading in unregulated or overseas markets, according to the report.

Read more: http://www.bloomberg.com/news/2012-03-12/obama-monitors-for-gasoline-diesel-fraud-in-360-u-s-cities.html

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Reply Obama Monitors for Gasoline, Diesel Fraud in 360 U.S. Cities [View all]
Purveyor Mar 2012 OP
xtraxritical Mar 2012 #1
sulphurdunn Mar 2012 #6
patrice Mar 2012 #10
dipsydoodle Mar 2012 #2
dixiegrrrrl Mar 2012 #3
Purveyor Mar 2012 #5
dixiegrrrrl Mar 2012 #12
liberal N proud Mar 2012 #4
Smilo Mar 2012 #7
patrice Mar 2012 #8
JDPriestly Mar 2012 #9
patrice Mar 2012 #11
JDPriestly Mar 2012 #16
patrice Mar 2012 #17
JDPriestly Mar 2012 #18
LongTomH Mar 2012 #13
patrice Mar 2012 #14
mahina Mar 2012 #15
Devil_Fish Mar 2012 #19