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Commodities Briefing - Categorized | Oil, Price Watch more

The hidden cause of rising gas prices

Posted on 31 July 2013

By now, you have probably noticed that prices at the pump have been anything but kind. Gasoline prices have been steadily rising in the US as the summer months continue to heat up. While it is true that gasoline prices are typically higher during the warmer months as demand also rises, the current spike is also due to some behind the scenes issues that many consumers may not be aware of.
Believe it or not, ethanol has been one of the main culprits behind the higher cost of filling your tank. It started with the 2005 Clean Air Act, which mandated that refiners needed to blend a certain amount of ethanol with gasoline that was being produced………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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