Petrol prices posted by zx299 on April 21, 2011 at 01:44 AM
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Fuel prices are height because of something called market speculators. There job is to "predict" the prices of oil barrels up to a year an advance. all these protest in eastern countries have caused uncertainty among speculates oil prices for the forseeable future. Speculators report these uncertainties to The US and then prices are adjusted accordingly to reduced the lost of profit in the future. So in theory gas suppliers are driving gases prices so high because there going by the worst case scenario that speculators are telling them. Simple way to put it is there protecting there future investments by charging a lot today.