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Gasoline Advances as Obama Announces Study Group: Oil Products

Gasoline climbed to a 33-month high as President Barack Obama announced that the U.S. Justice Department will study the role of traders and speculators in oil markets and how they contribute to high gasoline prices. Crude oil and ethanol advanced. Heating oil slipped.

The administration created a working group to explore whether oil and gasoline prices are being driven higher by illegal manipulation.