Quote:
Originally Posted by Hannibal
Speculation creates price fluctuation in gasoline prices, not the daily traded price per barrel. If you removed greedy slimy speculators from the oil market, the price of gasoline would crash like a meteorite.
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speculation works both ways. one of the primary reasons prices have been dropping is because the "speculation" has been that prices would drop. the "greedy slimy speculators" as you call them have been betting on lower crude and gas, not higher.