And, the sad thing is that the unrest in the Middle East and North Africa really doesn't have much to do with it. The reason those prices at the pump are going up is investors and Big Oil who see an opportunity to make some really big bucks.
Were they not buying and selling, then buying again so fast, oil would continue at its already too high price, but at least not spiking.
I can see prices going up if there is a lack of oil, or actual loss of oil, but not like this. Even back in that horrible summer of 2008, when gas went over $4 here in the US (setting the groundwork for the Super Recession), there was plenty of gas to be bought, as long as you were willing to pay for it.
An editorial in today's USA Today listed several other times the world's gas price sere shocked by foreign events:
1973 Arab Oil Embargo
1979 Revolution in Iran
1990 and 1991 Hussein's Invasion of Kuwait and the Persian Gulf War
So, Now We Have the 2011 Freedom and Democracy Excuse. --Cooter
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