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Why are gas prices so high?

The debate is red hot right now; there seems to be no shortage of outrage/blaming over high gas prices. It seems this latest energy shock has come at the worst time, when economist were just becoming optimistic about the recession being over. Are gas prices putting the brakes on global growth and sending the world economy back into a recession? There are many differing opinions on the real reason for high gas prices, some blaming OPEC, some blaming speculators, some blaming the government, while many believe it is simple supply and demand economics. read more »

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