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Shippers: Crude costs to blame for high gas prices

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Politics,Paul Bedard,Washington Secrets
Assailed recently by trade groups and even CNBC "Mad Money" host Jim Cramer for jacking up the price of gas, the nation's shipping industry is fighting back, charging that the cost of crude oil and taxes account for 82 percent of the price at the pump. "The cost of gasoline is not the result of transportation costs," said representatives of the American Maritime Partnership in a letter to House...