The Truth Behind Gas Prices

The Federal Trade Commission conducted investigations into price manipulation request of Congress, and multiple times have confirmed that this "price gouging conspiracy" is non-existent. When large profits roll in at a time of high gas prices, politicians immediately believe have evidence for the oil industry “price gouging” consumers. In fact, it is not greedy oil companies that have demanded these prices, but rather they the effects of a global market (there is currently a significant consumption in Asia and around the world) as well as inadequate refining at home. Additional factors include the climate of international affairs, and the current setback of hurricanes for US Gulf-region oil producers. When left to market forces, however, the situation will eventually re-stabilize. Just remember this come election time in a couple weeks.