The recent run-up in gas prices is a result of 1) increased demand 2) a crazy war, 3) inflationary monetary policies of the Federal Reserve and government generally, 4) the falling dollar and 5) commodity speculation. The most recent run-up in prices from $3+ to $4+ is mostly the work of speculators, as their speculative dollars have fled the phony housing market. Until the speculators are distracted by another bright, shiny object, gas prices will continue rising.
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