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Rise in U.S. gasoline prices blamed on speculators
DETROIT, Feb. 19 () -- Speculation in commodities markets is in part to blame for the steady rise in U.S. gasoline prices, a petroleum trade group official said.Motor group AAA reports U.S. drivers paid, on average,[url=http://www.parajumpersjackenoutlet.de/]parajumpers jacken outlet[/url], $3.75 for a gallon of regular unleaded gasoline Tuesday, up 15 cents compared to the same time last week.A series of refinery outages, a switch to more expensive summer blends of gasoline and higher oil prices are also behind the price increase.Mark Griffin, president of the Michigan Petroleum Association,[url=http://www.parajumpersjackenoutlet.de/]parajumpers online shop[/url], told the Detroit Free Press that spring price fluctuations are normal but usually not this early."This year it seems to be a couple of weeks early," he said. "And what drives most of it is speculation; the oil markets start speculating that the demand is going to come and that drives (prices) up."Michigan has some of the highest gasoline prices in the country. Though down about a penny from Monday at $3.90 per gallon,[url=http://www.christianlouboutinonlineshop.de/]christian louboutin schuhe[/url], Michigan prices are up 10 cents compared to last week.U.S. Reps. Ed Markey, D-Mass., and Rosa DeLauro, D-Conn., introduced a measure they said would keep some speculators away from energy commodities."The cost of gas is irrefutably affected by rampant speculation in the oil market,[url=http://www.christianlouboutinonlineshop.de/]christian louboutin outlet[/url]," DeLauro said in a statement.