{"id":5879,"date":"2014-06-14T01:32:13","date_gmt":"2014-06-14T01:32:13","guid":{"rendered":"http:\/\/highplainsblogger.wordpress.com\/?p=5879"},"modified":"2014-06-14T01:32:13","modified_gmt":"2014-06-14T01:32:13","slug":"gas-prices-zoom-up-why","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=5879","title":{"rendered":"Gas prices zoom up … why?"},"content":{"rendered":"\n
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Oil speculators have become the bane of many Americans’ existence.<\/p>\n

They’re the folks who push panic buttons every time a crisis flares in a region of the world that produces oil.<\/p>\n

Iraq. Oil. Crisis. Price spikes. Boom!<\/p>\n

http:\/\/www.politico.com\/story\/2014\/06\/iraq-gas-prices-107841.html?hp=l5<\/p>\n

The price of gasoline jumped a dime per gallon today across Amarillo because, I guess, speculators have determined that the Iraq crisis is going to result in a major disruption of oil from that region to the rest of the world.<\/p>\n

Politico.com reports that the Midwest region of the United States is the first to feel the hit. I guess that would include the Texas Panhandle.<\/p>\n

President Obama said the crisis in Iraq hadn’t created \u201cmajor disruptions of oil supplies.\u201d<\/p>\n

I’ll take him at his word.<\/p>\n

Back to oil speculators. I continue to be amazed that gas prices are subject to these dramatic increases. Decreases — if they come — usually arrive in dribs and drabs. A penny here and there. Maybe two cents a gallon.<\/p>\n

Frankly, it remains a mystery to me that the price of oil has to move at all even when these crises erupt.<\/p>\n

This country imports a tiny fraction of its oil from Iraq in the first place. The bulk of our imported oil — which now comprises a minority of all the petroleum consumed by Americans — comes from friendlier sources, such as Canada and Mexico.<\/p>\n

But it’s those speculators that drive me more than just a tad nuts as the price of gasoline zooms upward.<\/p>\n

I don’t believe I’m the only person who shares this view.<\/p>\n\n

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Oil speculators have become the bane of many Americans’ existence. They’re the folks who push panic buttons every time a crisis flares in a region of the world that produces oil. Iraq. Oil. Crisis. Price spikes. Boom! http:\/\/www.politico.com\/story\/2014\/06\/iraq-gas-prices-107841.html?hp=l5 The price of gasoline jumped a dime per gallon today across Amarillo because, I guess, speculators have … Continue reading Gas prices zoom up … why?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[2332,3393,3396,3418],"class_list":["post-5879","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-iraq-crisis","tag-oil-imports","tag-oil-production","tag-opec"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/5879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5879"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/5879\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}