Gas Prices Again

A common misconception of why gas prices are high is that OPEC is witholding production of oil. This is not true they are actually producing at a maximum. It is the demand that is high with developing countries such as China with a huge population to sustain. One of the biggest factors to high gas prices is Oil speculators. They think the gas will be in shortage in the near future and therefore the prices are drived up. This is not true and they are just causing a unecessary inflation of the gas prices.