Gasoline Prices: Who’s to Blame and What to Do?

May 18, 2012
With gasoline selling at around $4 per gallon, the political hunt is on to track down the ne’re-do-wells responsible. Are fuel prices rising due to President Obama’s unwillingness to extend the Keystone pipeline or drill in the Arctic National Wildlife Refuge? Are tensions in the Middle East causing prices to spike and, if so, would energy “independence” shield U.S. consumers from future fluctuations? Maybe the culprit is Wall Street speculators who, we’re told, are gaming the crude oil futures market to create price increases out of thin air. In this month’s e-Briefing, energy policy expert Jerry Taylor will dispatch common myths perpetuated on cable news programs and explain what’s really going on with rising gas prices and who’s to blame.

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