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Gas Price Hikes in California Suspect

The Los Angeles area is seeing an increase in gas prices as the summer comes to an end. Have the gas prices been inflated? Are there some suspect characters behind the gas price hike? California Senator Dianne Feinstein asked the Federal Trade Commission to investigate gasoline prices in the Los Angeles and California as a whole, which she thinks are higher than they should be.

Feinstein, wrote FTC Chairman Jon Leibowitz to “immediately open an investigation into recent spikes” in California gas prices. The jump in price — 30 cents a gallon since the Aug. 6th fire, Feinstein said — is “unjustified by supply and demand fundamentals.”

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