Did you know that “Wall Street speculators” caused gas prices to increase by 89 cents per gallon?  Neither did we.

Odd, no one seems too worried about the undue influence of speculators whenever the price of gas falls.

Anyway, here’s some background on H.R. 2003.

Update: we asked Rep. Edwards where she got that 89 cents figure from, and she kindly responded.

  • Dominic Macchio

    Take the speculators out and you take away a lot of liquidity which can cause prices to go even higher.  It’s the speculators that go into he market and shorting when they think prices have gone too high along with buying when they think prices are too cheap.  How about producing more here and keeping it here so we don’t have to worry about what happens in the Middle East.

  • peteee363

    nobody seems to remember that the last time gas prices were 4 bucks a gallon, the price of oil was nearly 40 bucks higher per barrel!

  • http://pulse.yahoo.com/_3C5QHC3F3WSO5NNPNX4SORL564 Retired Vietvet

    No oil.. Can you live without, cloths, plastic, medicine, tires, roads, carpet, glasses, cell-phones, computers?  I didn’t think so.. Americans better wake up before it’s to late!

  • http://twitter.com/BelchSpeak Honey Badger Clicker

    18.5 cents per gallon in Federal taxes.  She won’t complain about that?

  • chicagoxile

    $8-$10 dollars/gallon in Europe now. Are their speculators even more evil? Or do they even have speculators? Maybe they need our speculators. (Yes, I know European taxes are behind the sky high prices.)

    BTW, has anyone ever met or seen an oil speculator? As much as liberal congresscritters like to scapegoat “speculators,” I’d think they’d be able to drag a “speculator” or two up to congress for some congressional “grillling.”

  • http://pulse.yahoo.com/_4L2ME7Q2QMOFMNCZAFE7UGSJMY Jacob

    Stupid bitch