President Obama announced today that he wants Congress to crack down on oil market speculators, calling for increased monitoring of energy futures traders as well as higher penalties for traders found to be manipulating prices. The Republican response was swift, calling the plan unnecessary.
With gasoline currently hovering around $4 per gallon, rising gas prices are becoming a hot issue in this year’s Presidential election. Tell us what you think…
Are oil speculators really to blame for $4 a gallon gas?
Click on your answer above and then weigh in on this topic in the comments.