Tuesday, April 19, 2011

Obama Blames High Gas Prices On Oil Speculation

I've heard a lot recently about how oil speculation may be driving oil prices up by 20 cents per gallon or more. Does anyone know anymore about this? I'm sure it's not the underlying cause of high gas prices, but an extra 20 cents per gallon can add up to a lot. Is there any way to crack down on this? Can a free-market advocate actually defend this practice if it is, in fact, raising gas prices?

1 comment:

TJE said...

Speculate, baby, speculate: