With Supplies Of Oil Up- Why Is Gas So Pricey?

NPR- June 20, 2013

So this summer, U.S. drivers are faced with these realities: They’re driving more fuel-efficient cars, and their country produces a lot more oil. That helps hold down gas prices. But in a world thirsty for oil ā€” and still so dependent on producers in the turbulent Middle East ā€” it’s hard to restrain prices at the pump.

To speculation, and tensions increased
Add specters of war in the Middle East.

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