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To: Blado

A large part of the price of gasoline is WALL STREET SPECULATORS. Absolutely nothing to do with supply, demand, production, distribution. Just GREED!


9 posted on 06/16/2010 4:20:59 AM PDT by Huebolt (Government bureaucracies: DE-UNIONIZE, DOWNSIZE, DECENTRALIZE)
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To: Huebolt
A large part of the price of gasoline is WALL STREET SPECULATORS. Absolutely nothing to do with supply, demand, production, distribution. Just GREED!

The bulk of the gas price goes to the Federal government through leases, corp taxes and gas taxes. The futures markets serve a purpose: producers can increase supply because they can hedge against price changes.

10 posted on 06/16/2010 4:23:40 AM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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