Gasoline prices have passed the $3 mark. "At one Chevron station in downtown Los Angeles, motorists had to fork over $3.35 a gallon yesterday for self-serve regular " (Wall Street Journal, April 18, 2006) But what's driving these prices? The short answer is that there is no short answer. What is clear is that many of the reasons given for the rapid rise in oil prices do not withstand scrutiny and are nothing more than spin.
The document below analyzes the phony 'reasons' given for the rapid rise in oil prices.
My opinion piece has many embedded graphics, so I am hosting the full document as a pdf file on the webblog BillCamarda.com
(click the link)