Yes, gasoline prices are a serious problem. Not only do they affect our travel, but also the cost of operating machinery to produce our food. The link below points out that the main cause of escalating gas prices is not shortage of supply, buy runaway ETFs. Companies like Goldman Sachs are pushing sales of these oil ETFs to everyone. The solution in the article, which I agree with, is to restrict large purchases of commodity futures like oil to actual users like airlines and fuel companies. NOW IS THE TIME TO LOBBY YOUR CONGRESSCRITTERS TO DO JUST THAT. With such a limitation, oil would drop way down and our economy would blossom.
http://www.dailyfinance.com/story/the-real-reason-gas-prices-are-soaring/19893347/?ncid=webmail
Just further verifies what a number of of have been saying for the past six months.
Not sure this will work. Why not issue permits and allow drilling and mining of our resources? Speculators will dive out of the market in six months or less is my opinion, and when speculators jump out, price should also dive downward. I guess I am a fool for wanting to see Americans have jobs. Drilling and mining would create jobs....imo