Investors, Not Demand, Drive Up Oil Prices

Summary


Q: If people are driving less, why do gas prices keep rising?

A: People are indeed driving less. Gas consumption has fallen about 1 percent since late January.

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Extract


Investors, Not Demand, Drive Up Oil Prices

Yet, gas prices are on the rise. Gas has averaged more than $3 a gallon for four straight months and, more recently, has surged into record territory. Estim...

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