Perhaps some good news??


The falling of gas prices has nothing to do with a crackdown on speculation. They are just going back to the point they were at before bad stuff started happening.
$3.30-$3.50 for gas seems to be the norm for right now. It goes higher when shit goes wrong in the middle east. In the last year the only times it has gone higher was during the Arab spring, and when Iran started rattling its saber around.

What do you base that bolded belief on?

1) you cannot really crackdown on speculation, unless you took oil completely off the comodoties market. That's what speculation is. All speculation means is what people think is going to happen. If there is turmoil in the middle east, people think there will be a shortage, therefore the price will go up.
2) history. Every time something goes wrong in the middle east, the price goes up. Every time it cools down, the price goes down. If you follow the price of oil, you would have to be blind not to see it.
No news out of Iran the last month and the price falls. You really shouldn't act surprised. Especially when it falls to the price right where it was at before the Iran situation started.
 

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