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Minnesota senators blame rising gas prices on oil speculators

Published 03/25/2012, Star Tribune (Minneapolis)/ MCT

The price of oil is spiking, and Minnesota motorists are buying gas now at nearly $4 a gallon. With the summer driving season close at hand, and a presidential election right behind, lawmakers in Washington are scrambling for answers. Republicans in Congress have renewed their calls for more domestic oil drilling and the speedy approval of the controversial Keystone XL pipeline, which would carry oil from Canada to refineries across the United States. But Minnesota Sens. Amy Klobuchar and Al Franken, both Democrats, say they have an additional solution: Clamp down on oil speculators.

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