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- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)36
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- 2016 All-Missourian Boys Basketball (04/29/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
McCaskill calls for oil price investigation
JEFFERSON CITY, Mo. -- You're not the only one upset about the price of gasoline. Democratic Sen. Claire McCaskill says U.S. oil refinery companies are cutting back to keep prices artificially high.
McCaskill is one of four senators who have signed a letter addressed to the Federal Trade Commission's Jon Leibowitz calling for an investigation into any wrongdoing, as well as the impact the action may be having on gas prices. In the letter, McCaskill says she is concerned that while gasoline use continues to decline, U.S. inventories remain below average and refining margins continue to rise.
"At a time when major refiners and oil companies are making record profits and American families continue to struggle with gasoline at record prices, the idea that refiners may be manipulating the market to keep prices artificially high is offensive," wrote McCaskill. "It is incumbent upon the Commission to ensure that the American people are protected from this type of manipulation."