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News Story
4/7/2012
Posted by Mark Reback
People aren't nearly as angry over prices as they were in '08, for several reasons. Gas prices have soared about 15% in the last six months, hitting $3.94 a gallon average nationwide, and $4.29 in California. The mood of motorists? Meh. Partisan finger-pointing aside, polls suggest that most people aren't as worked up over gas...
Blog Post
3/29/2012
Posted by Judy Dugan
This California license plate, “Gas Pain,” might be the sly joke of a gastroenterologist, but it’s not on a Mercedes. So let’s stipulate that it means pain at the pump, with a gallon of regular gas stuck for months at around $4.40. This kind of price is as usual fueled by investor speculation and an oil industry that cuts...
News Story
12/3/2011
Posted by Mark Reback
Faced with sluggish sales at home, American refineries are shipping gasoline, diesel and other petroleum products abroad in record amounts, turning the country into a net exporter of fuel. And that's one of the reasons gasoline now costs more than ever before, for this time of year. The United States, long the world's most voracious...
Blog Post
10/14/2011
Posted by Judy Dugan
OilWatchdog and other critics of commodity speculation have long said that rampant speculation in oil futures markets  has hurt families, cost jobs and kept the U.S. economy teetering on the edge of recession. Energy analyst Mark Cooper of the Consumer Federation of America, in a nailed-down new study, finds that speculators are adding...
Blog Post
9/20/2011
Posted by Judy Dugan
Here’s a petition from our ally Public Citizen, calling on federal regulators to quit stalling and rein in the financial speculators who are jacking up gasoline prices. It’s well worth the few seconds to click on the link and sign the petition. Fight back against Goldman Sachs and the other big banks whose speculation costs you at...
News Story
8/30/2011
Posted by Mark Reback
In recent weeks, the price of a benchmark crude oil has fallen by double digits, while the price of gasoline in Little Rock and the rest of Arkansas has not dropped proportionately. That disconnect may leave motorists wondering why gasoline prices haven't dropped more than they have. The average price for West Texas intermediate crude oil...
Blog Post
5/3/2011
Posted by Judy Dugan
U.S. gas prices have hit their highest level ever for springtime, at $3.96 a gallon for regular on average. Yep, higher even than the record surge in 2008, as oil companies reap near-record profits. So what does that have to do with the price of silver? The speculative price of silver is dropping, maybe crashing, from its high around $50 an...