Report says speculation accounts for 83 cents per gallon of gasoline prices
Olivia Kabat (WMNF – FL)
July 12, 2011
―Those high gasoline prices you’re paying at the pump may have a lot to do with Wall Street speculation. According to a new report, because of the risky speculative trading on oil in the commodities futures market, the average consumer in the United States is paying much more for gas than they should be. Sheena Rolle is with Organize Now, one of two groups that researched the report. Rolle says she knows what 83 cents per gallon extra means for working class families. Marvin Silver, Outreach Director with Americans for Financial Reform, says he understands the financial hurt consumers are feeling from high gas prices. Click here for more.