Kennett NewsLocal news for Kennett, MO continually updated from thousands of sources on the web.Gas Prices on the Rise- May 23, 2008 right minded said in the Kennett Forum: Oil speculators. Imagine that you bought 10 barrels of oil for $50 (like 3 yrs ago). You then turn around and bid $100 for a barrel. Why would you do that Well put yourself in the shoes of the oil producing countries and companies. Someone offered you twice the going rate. What do you do say no That would be stupid. So now that people are willing to pay for oil at $100 what is the price Sure is not $50. It is the highest price someone is willing to...http://www.topix.net/city/kennett-mo/2008/05/gas-prices-on-the-rise?fromrss=1 |