Are Speculators to Blame for High Gasoline Prices?

Mike Shedlock | Feb 23, 2013

Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak.

Nonetheless, consumers feel the pinch as pump prices have risen 34 straight days. For only the fifth time in history Gas prices topped $4 a gallon in District of Columbia.

Nationwide, the price of a gallon of regular gasoline climbed to $3.78 a gallon, up 47 cents in the past month, the AAA said.

In parts of California, Gasoline Prices Topped $5.00 on February 5. CNN Money has an interactive Gas Price map to check prices in your state.

Republicans Cry Foul

Yahoo!News reports Politicians Cry Foul Over High Gas Prices, Urge Action on Keystone XL

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Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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