Is Oil Speculation Responsible for High Gas Prices?

Is Oil Speculation Responsible for High Gas Prices?

As Americans watch their wallets empty as quickly as gas prices climb, we all search for answers. Some experts say the seemingly endless rise in gas prices is being driven largely by oil speculation, the practice of buying and trading oil futures -- in an attempt to predict the cost of oil at a later date. Should you blame speculation for your pain at the pump?

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Latest Comments

Hal 84
The ups and now downs

How is it possible for us to now only pay $1.70 for gas but we had to pay $4.40 a few months ago?

Same thing in grains. They paid farmers 3.50- then the board... Read More

- Hal 84 | December 25, 2008 10:58AM

Speculation = High Gas Prices?

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