What determines the price of gasoline is a question that for years I've been asking media representatives, public agencies, and government officials, including the Bush administration. I have yet to receive an answer or a show of interest.
I hope President Obama's policies of government transparency don't stop where the interests of energy profits begin.
If they don't, I will receive answers to the questions I asked of him today:
What and who determines oil prices?
How does lack of anti-trust-law enforcement affect those prices?
Who is in charge of setting prices at the pump?
What influences traders in the futures markets and who is guarding against price manipulation at that level?
Friday, June 12, 2009
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