[bjs1779]

This price is not justifiable. The Dollar’s relative decline isn’t doing it. The supply side fundamentals don’t give cause for it. Speculation. Peoples pockets being drained at the pump isn’t ‘speculative’ of course but there is no other specific reason.

You may be right, but what is the cost of a barrel of oil in Euros compared to our money?

[kinoxi]

Oil, like gold is priced in Dollars so it costs them less due to the temporary valuation differential. Some might say they have a vested interest in things that are contrary to the United States best economic interests.