Tag Archive | "Middle East"

Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

Monday, April 11, 2011

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Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

California-based nonprofit, Consumer Watchdog, recently provided a clue to where the "missing" gasoline may have gone. Recently, Judy Dugan, a petroleum market commentator for Consumer Watchdog, noted that the shares of oil refiners jumped in price last month "on bets that Japan would soon have to import a lot more heating oil and gasoline because of refinery fires and quake/ tsunami damage."

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Facts of Life On High Gas Prices: It’s the Speculators & Oil Companies To Blame Not Middle East

Tuesday, March 8, 2011

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Facts of Life On High Gas Prices: It’s the Speculators & Oil Companies To Blame Not Middle East

While skirmishes in Libya and uncertainty in the Middlie East are nice cover for outrageous gasoline prices, the fact is the same old suspects are making a killing from sky-high gas prices approaching $4 dollars per gallon in California: big oil companies and greedy speculators.

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