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American Trucking Associations sent a letter Tuesday to the Commodities Future Trading Commission asking it to reduce offshore oil speculation that drives up the price of diesel and other end fuels.

ATA wrote the letter with members of the Commodity Markets Oversight Coalition, asking the CTFC to curb excessive offshore oil speculation that affects U.S. fuel markets.

ATA has previously cited concern about that affect the trucking industry, and has called on Congress to more strictly regulate excessive speculation.

Last fall, in world oil markets that causes dramatic price swings.

(ATA website; 2-pp. PDF.)