In Our Opinion: Oil price increases are not based on supply and demand

The last thing this country needs as it tenuously pulls itself out of the economic goo of the last couple years is a sharp increase in oil and gas prices.

Yet that is exactly what we have been experiencing recently. Oil that traded for just over $79 a barrel four months ago is now at $105 and climbing, pushing gas prices up to a national average as of Feb. 24 of $3.69 a gallon for regular.

The causes and possible solutions have become political hot topics, as expected. Discussions about this country's energy policy are needed, but they typically center on production versus consumption/conserva...

 

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