Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

by Leonard Brody | May 29, 2009 at 10:47 am
178 views | 14 Recommendations | 3 comments

I hate oil companies

Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year.

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2
René

They're even renting super-tanker ships to park and hoard oil. Reports on that last winter.

0
djermano

http://my.nowpublic.com/world/electricity-ends-terror-threat-and-excessive-military-spending...

Prices will never come down....get use to it..

Rev. Jermano

0
TomAikins

I really hate oil companies.

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René
First Flagged at 3:18 PM, May 29, 2009 by René
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