Comments on: Media Goes Silent as Gas Prices Fall After Obama Crack Down On Oil Speculation

By: Shiva (Moderator)

Shiva (Moderator) — Wed, 09 May 2012 02:10:32 +0000

Not to sure it would be “very” limited. The speculators here are buying up huge amounts of oil and regulating the price here. Time to show them the door

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By: Jeff H in TX

Jeff H in TX — Wed, 09 May 2012 01:55:21 +0000

The problem is, the president can only regulate DOMESTIC speculators. A great many of them are offshore and beyond the scope of any US regulations.
So even if Obama (or anyone) were to crack down, the effect is still very limited.

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By: Shiva (Moderator)

Shiva (Moderator) — Wed, 09 May 2012 00:53:58 +0000

Exactly, mine has dropped 30 cents

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By: dave

dave — Wed, 09 May 2012 00:38:40 +0000

Barb said:

“Gas is only down about 4 cents here. I have not seen a drop in price. I am in NY state.”

That doesn’t make sense. Gas is down… but you haven’t seen the drop in price… Yes, you have. You have seen a 4 cent decline in gas prices. Know how I know? YOU said it.

National averages don’t hit everyone the same way or necessarily at the same time.

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By: Victoria Lamb, MSHA

Victoria Lamb, MSHA — Tue, 08 May 2012 21:15:26 +0000

reining in?

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