gjohnson5 said:I only agree partially These hostile actions are only continuing to destabilize OPEC countries... But the other reason is domestic right here in the US. The price of gas is most certainly speculative. Speculators are assuming oil is going to run out or be in extremely high demand and thus driving up the price of gasoline. The assumption is not necessarily true
But any problem in the middle east is going to drive speculation up. Doesnt take that much for the market to go crazy.