Not So Fast to Pillory the Bad Old Oil Speculators

Publication Date

6-25-2009

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Oil speculators, Gas prices, Inflation

Abstract

In the aftermath of a gallon of gas rising from an inflation-adjusted price of $3.04 in 1981, to $3.98 in 2008 (far below the price increases of other staples such as bread and milk), political demagogues have been seeking to exploit consumer angst by searching for a scapegoat.

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