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The Boston Globe

Business

Markey urges review of high gas prices

US Representative Edward J. Markey, citing falling crude oil but stubbornly high fuel prices, is calling on the Federal Trade Commission to investigate whether oil companies and refiners are manipulating gasoline prices in New England.

In a letter sent to the commission on Friday, the Malden Democrat noted that benchmark West Texas Intermediate crude oil prices have fallen 7 percent since mid-September, from $99 a barrel to just over $92 on Thursday. But the average gas price in Massachusetts — about $3.89 for a gallon of regular unleaded — has risen 8 cents over the last month, according to AAA Southern New England. The current average is more than 40 cents higher than it was in mid-July, when crude prices were about the same as they are today.

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