31.05.2013 - Think speculators cause high oil prices? Don't bet on it
Americans are spending more money at the pump than ever before. According to a recent estimate by the Energy Department, the average U.S. household spent nearly $3,000 on gasoline last year. Earlier this month, the U.S. Energy Information Administration forecast that the price for regular gasoline will average $3.63 a gallon this summer a slight decline from last summer, not far from the record levels set in 2008. Why do oil prices remain so stubbornly high?..............................................Full Article: Source
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