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April 18th, 2012
06:02 AM ET

MYB: Obama targets oil speculators, but how much are gas prices driven by speculators?

Gas prices in an election cycle couldn't be more political. President Obama made a huge push yesterday to limit speculation in the oil markets to help bring gas prices down. That's not something that can happen overnight, and he's been making that clear over the past few weeks. You may have heard that phrase about how there's no 'silver bullet' for gas prices a few times now from the President. Will this move work?

Christine Romans is Minding Your Business this morning, and explains how much gas prices are driven by speculation in the oil market.


Filed under: Gas prices • Minding Your Business
soundoff (One Response)
  1. Betty Kiel

    The "Blame Game" that the GOP is playing is showing the world how arrogance, hatred and division within their own party is shedding unfavorable light on the Republican party: http://ireport.cnn.com/docs/DOC-777607

    Sevenfold 747

    April 18, 2012 at 6:46 am | Reply

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