In response to:

Are Speculators to Blame for High Gasoline Prices?

para_dimz Wrote: Feb 23, 2013 8:14 AM
Consider this. Nixon took us off the gold standard and Kissinger somehow encouraged the formation of OPEC nearly in unison. Since then both inflation and the price of oil have skyrocketed. I do not think that is any coincidence. Oil Is used by government to sop up excess liquidity. It allows government and the FED to feed the momster in Washington at our expense without blowing up the game. I believe the recent price spike since aobama took office was deliberate and in sync with current skyrocketing deficit spending and FED inflation. We're their pawns. Using tsx increases would waken us. Using interest rates would draw ire from bond markets. Using reserve requirements would set off the bankers and big business.We're the pawns w/o a voice.

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...

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