[UPDATE 11/17: Here’s a link to U.S. retail gasoline prices across the country that compares the price just before the election with gas prices one week after the election. Please note that crude oil prices are down right now. Question: How high will gas be by Christmas? Any guesses?]
I don’t usually post about national happenings, but this one hits every last one of us in the pocketbook. If you ask your neighbors whether they believe that gas prices are being manipulated for political reasons and will rise again after the election, chances are at least a few of them will say, “Yes.” I’ve personally stayed neutral on the subject up to now because of reading conflicting opinions by people who know something about the energy industry. They can’t agree on whether that is even possible. Then today I read this little blurb from an investor’s newsletter put out by New York Global Securities: Continue reading Who Thinks Gas Prices are being Manipulated? Oil Investors Do.