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Originally Posted by Antitrust32
mainly supply and demand (it always jumps during travel seasons), OPEC, natural disasters affect prices (they jumped up a large amount after Katrina), and yes, middle eastern conflicts affect supply. a massive increase in demand from other countries (China in particular) affect price increases.
gas prices bairly flinched in the 20 years prior to the mid 2000's. I personally believe gas prices are where they should be for 2011.
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And everyone knows there was no conflict in the Middle East, no increase in demand, no natural disasters, no travel seasons and no OPEC in that time period.
It's your poor persecuted Wall Street saints. Commodities speculation increased more than 1,000% from its historically minor level in the 90s to over $200 billion in the mid 2000s. It's price fixing, nothing more, nothing less.