I'M TIRED...

I'm tired of rising gas prices. Or more to the point, I'm tired of the reasons that are given for rising gas prices.

Rising demand globally plus stagnant supply ... ok, I know that if demand increases while supply stays the same, that creates a shortage and prices go up, but how can a Scottish strike possibly cause a shortage at the local shell station that same day?

The truth is that prices are the way they are because oil is traded on the commodities market. Investors speculating on whether or not oil will be flowing as freely tomorrrow as it is today are causing the prices at the pump to skyrocket. If oil-related bad news (such as a Scottish labor strike at a refinery) surfaces, investors buy commodities today in hopes of selling tomorrow for high profits. How does the market reflect increasing demand for oil commodities? The price rises. As the prices of a barrel of oil rise, gas prices tend to rise also.

How do we deal with it? Take oil off the commodity market. Or better yet, do away with the commodity market altogether. Let billionaires find another game to play.