I recently noticed parallels between last summer's gasoline moves and the
current trend. The Algerian Energy Minister did likewise. He
warned "recent price rises were being driven by speculation and a weak dollar rather than fundamentals."
Americans continue driving fewer miles, even at much lower gas prices than last year. What will the
future hold? Boatloads of ka-ching? My guess is rising profits for big oil and Goldman Sachs, which specializes in
oil speculation.
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