In response to:

Are Speculators to Blame for High Gasoline Prices?

ctruax Wrote: Feb 23, 2013 4:11 PM
If you actually learned how the commodities market worked you would realize how ridiculous your suggestions are. Buying a futures contract does not set the price of the commodity....the market does that. If the price rises above the price of your contract you make money, if it doesn't you loose money. Or you can short the market and make money if the price falls below your contract price.

Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak.

Nonetheless, consumers feel the pinch as pump prices have risen 34 straight days. For only the fifth time in history Gas prices topped $4 a gallon in District of Columbia.

Nationwide, the price of a gallon of regular gasoline climbed to $3.78 a gallon, up 47 cents in the past month, the AAA said.

In parts of California, Gasoline Prices...