Three U.S. senators wrote to the U.S. Federal Trade Commission on Tuesday to urge an investigation into “elevated and volatile” prices for gasoline, diesel and jet fuel. Senators Maria Cantwell, Dianne Feinstein and Ron Wyden, all Democrats from the U.S. West Coast, urged the agency to focus on trading practices that set benchmark prices that may have affected prices of fuel sold in California, Oregon and Washington. “We are concerned that current prices borne by consumers at the pump are disproportionate to the rise and subsequent decline in the price of crude oil over the past month and cannot be fully explained by supply and demand fundamentals,” they […]