[patton]

The author fails to make a distinction between gas and crude oil.

[politicket]

The gas price ordeal currently has very little to do with supply and demand.

It has a lot more to do with its use as a commodity trading tool in the derivatives market.

[Thoro]

What’s the solution? Do we have to wait for the speculation bubble to burst on its own? What’s going to be the catalyst for that to happen?

It has to correct itself eventually, and I’d prefer it did so without Washington getting involved. But reading an article like this, it sounds like the burst in the futures market is long overdue.