Gas Prices On The Rise For No Good Reason
Several states are reporting this morning that average gas prices have crept up slightly, despite the fact that oil consumption has dropped and refiners are operating below capacity. The Miami Herald blames the price creep on Wall Street speculators who are optimistic that the economy is getting better, which in turn will lead to increased gas consumption.
“What’s driving up oil prices again? Wall Street, of course” [Miami Herald]
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