The Gas Bubble

I'm sure all of us have noticed over the last several weeks, that gas prices keep slowly and steadily getting higher and higher with no relief in sight. Along with gas prices, we have seen the cost of goods and services go up as well due to the cost of gas and diesel fuel.


As I was driving to work this morning, I was listening to one of our local talk shows on the radio (The Darla Jaye Show), and there was a special guest expert on this particular program giving his take on the current gas price rise.

He mentioned that there were 2 main factors driving up the cost:

1. A declining dollar value
2. Oil speculation by commodity traders

This particular expert believes that if the dollar begins to strengthen, again (and it is showing signs that it will soon), then oil speculators will get out of the market, and "The Gas Bubble" will burst, causing gas prices to dramatically fall.

Let's hope this bubble busts, soon!

To read more of this story on Darla Jaye's show blog, follow this link.