Gas station owners join call for end to oil speculation

08/19/2008 | Rocky Mountain News (Denver)

Don't blame gas station owners for high fuel prices, says Mark Larson, executive director of the Colorado Wyoming Petroleum Marketers Association. Instead, he writes, blame the oil speculators who have poured more than $260 billion into commodity index funds in the past five years. With 71% of commodity futures contracts owned by investors, frequent flipping of contracts helps drive up the price of oil for everyone.

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Rocky Mountain News (Denver)

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