What's Up With Those Gas Prices?

Here's the drama around why they seem so unpredictable.

An analyst that has kept tabs on the oil industry for 30 years says the turmoil in the oil-producing countries is to blame for the fluctuation in prices we're seeing at the gas pump here.

And things are getting pretty dicey.

Between Sudan, Iran, Syria, Venezuela, Yemen, Libya, and Iraq -- James Williams, owner of Arkansas-based WTRG Economics, told the Journal Sentinel things are a mess.

"I would say in terms of overall geopolitical risk of a major supply interruption with limited spare capacity to handle it, this is the worst of times. This is the most extreme," Williams said.

Click here to read more on JSOnline.com.

Daniel S. February 29, 2012 at 03:14 AM
Craig M. said: "You can't pursue your dreams while you're in jail. " Actually you can, as all pursuits begin with thinking; if you can think, you can pursue your dream. Even the best laid plans go awry however and many dreams turn into nightmares.
mau March 03, 2012 at 01:30 AM
National News tonight GM is halting production of the Volt and laying off, I think they said, 1300 workers. Seems the Volt is too expensive.
Rees Roberts March 03, 2012 at 01:55 AM
It is just a temporary suspension of production: http://www.nytimes.com/2012/03/03/business/gm-suspends-production-of-chevrolet-volt.html
mau March 04, 2012 at 06:43 PM
Yes, didn't get back to correct my statement. I had heard it on the national news but read a more detailed story after posting. This is not the first time they have suspended production for supply to catch up to demand. But I still think they are much too expensive for the average middle to low class consumer.
Rees Roberts March 04, 2012 at 08:16 PM
I completely agree with you Mau. My thinking is as more competition occurs the price will come down which will benefit everyone.


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