Quote: Scary that we've somehow gotten to the point where "There is no shortage, we've just decided to charge you more" is now apparently an acceptable answer.
That's called investing in the "futures market." Purchase now- oil that has not even been pumped out of the ground yet just to make some money off the price differential- then vs. now. Just like "pork bellies" it is often more about investment and perceived possible return on investment than actual market conditions. Buy a barrel now for $126-- Sell it next week/month/year for more than the $126 and you make a nice return on investment.
Not the only reason for high gas prices, but a definite contributor.
