In my humble opinion gas prices are a result of people playing the stock market. Yea other countries are using more oil now than ever before, but watch oil prices they go up and up and up and then big sell offs and the price comes down. Bottom line I believe it's day traders with lots of money buying when it's low and then when it's high and they see they have made a profit they sell and the process repeats itself. I by no means am an economical expert and this is just my personal opinion, but isn't it funny how I remember gas prices back in the late 80's and early 90's as yes they did go up annually maybe 10 or 15 cents, but not like the way it is now. I also don't think day trading was big back then.
|