Is Oil Speculation Responsible for High Gas Prices?

Is Oil Speculation Responsible for High Gas Prices?

As Americans watch their wallets empty as quickly as gas prices climb, we all search for answers. Some experts say the seemingly endless rise in gas prices is being driven largely by oil speculation, the practice of buying and trading oil futures -- in an attempt to predict the cost of oil at a later date. Should you blame speculation for your pain at the pump?

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Regarding Argument
There is No Conclusive Data that Speculators are Driving Up Prices
- From NYMEX
No Side
By New York Mercantile Exchange - Commodity Futures Exchange
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