Obama cites bottlenecks, speculation as possible gasoline price factors

03/12/2012
US President Barack Obama said his administration is looking at whether it would be possible to ease both international and US supply bottlenecks as an immediate response to rising gasoline prices. The president also is asking US Atty. Gen. Eric H. Holder Jr. to determine if oil market speculation is playing a role, he told reporters during his first 2012 press conference on Mar. 6. He reiterated that the US is making progress in reducing its dependence on oil imports, and pledged to keep looking at every possible strategy to reduce oil consumption while maintaining living standards, productivity, and economic growth without hurting consumers. "There are some short-term steps that we...
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