wallsto

One of few clear-cut ways to decrease gas prices is to reel in Wall Street speculation. Wall Street speculation drives up oil prices because it distorts the perception of oil supply. In response to increasing tensions in the Middle East, Wall Street speculators are hoarding crude oil contracts, expecting that they will increase in price when (or if) the oil supply is disrupted and can be sold at a later time for profit. In response, the price of oil per barrel shoots up because of a perceived decrease in supply, hence the high gas prices now. . .