Northeast Ohio gas station owners also hurt by rising gasoline prices
WEWS – Lawmakers, like U.S. Sen. Sherrod Brown, are well aware of the impact oil speculators have on prices at the pumps. In fact, Sen. Brown wrote a letter to Commodity Futures Trading Commission Chairman Gary Gensler, calling for tougher restrictions for oil speculators.
Sen. Brown reported new guidelines curbing oil speculation should have been in place back in February — that’s why he continues to urge the trading commission to take action.
“Write to the Commodity Futures Trading Commission, write to members of Congress,” said Sen. Brown. “Speculators on wall Street and oil companies are trying to find a way to game the system as they do every time.
