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Dems Urge CFTC Action:

Blame Wall Street for gas prices they say aren’t high enough:

“It is one of your primary duties — indeed, perhaps your most important — to ensure that the prices Americans pay for gasoline and heating oil are fair, and that the markets in which prices are discovered operate free from fraud, abuse and manipulation,” states the letter from lawmakers including Sens. Bernie Sanders (I-Vt.), Bill Nelson (D-Fla.) and Ron Wyden (D-Ore.) and Reps. Maurice Hinchey (D-N.Y.) and Louise Slaughter (D-N.Y.).

Of course, markets will do a much better job determining fair prices, and to the extent there’s been manipulation, the political class is more to blame than anyone else.  Fortunately, the American people as a whole aren’t buying this schtick.

Posted in Business.

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