But when a major WSJ Op-Ed and the Cato Institute agree that domestic gasoline prices are rising because global oil prices are rising because global oil demand is rising (amongst other worrisome events), one would hope that it would quiet the "It's all a big conspiracy by Obama to make us by Communist Windmillmobiles!" crowd at least a bit. #ddtb
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Murdoch’s Wall Street Journal and Koch-Fueled Cato Agree: “It’s Not Obama’s Fault That Crude Oil Prices Have Increased”
Wall Street Journal: “U.S. gasoline prices, like prices throughout the advanced economies, are determined by global market forces. It is hard to see how Mr. Obama’s policies can be blamed.” Cato Insti…
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Actually, demand is down in the US. Demand is apparently not a factor in pricing right now.
@Marina – It’s a global market. Demand is up globally, so all petroleum prices go up, so all gasoline prices tend to follow.