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What's Up With Fuel Prices?


PumpsApril 26, 2011 – If you're a producer, your diesel prices are up. That ain't good. As fuel prices rise nationwide, the Obama administration announced last week the creation of a working group to investigate and prosecute suspected fraud in the energy markets. “There is no silver bullet that can bring down gas prices right away. But there are a few things we can do,” President Obama told a town hall meeting in Reno, Nev. Attorney General Eric Holder has assembled a team to monitor oil and gas markets for evidence of fraud or illegal manipulation that might affect gas prices, he said. “That includes the role of traders and speculators,” Obama added. “We are going to make sure that no one is taking advantage of the American people for their own short-term gain,” he told the group. But a recent article on the blog The Infrastructurist is titled, "America's Low Gas Prices: A Global Perspective." You can pretty much figure out where that's going. The article also suggests that raising gas taxes is political suicide for whomever suggests it. That ain't good either. The beat goes on.