...but not the only reason. Just a major part of the reason Gas prices are so high.
Consider this, if Inflation were the ONLY reason Gas prices spike, then all prices would spike as well.
Speculators are the second largest part of this equation. They litterally profit from ANY change in price. Change is profit to them. Increases in Oil price (per barrel) offers more profit than a decrease, but they do profit from either change. It's all about timing purchase vs. sale.
It is also a combination of supply/demand, developing countries, politics and revenge that is causing our Gas prices to go up.
...and I don't want to start a panic but China had it's first sign of a recession this QUARTER (1st Quarter 2012). Not sure if that is out yet, well I guess it is now. Hehe.
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