Oil and Gas Prices:
Gas prices have been one of the major issues or problems in the past few years, especially in the United States where more people are hitting the road drive. As the driving season begins in the summer, many Americans continue to look at gasoline price at the pump. In the past few months, many drivers have been wondering why they have to pay more at the pump in light of the spiking prices in various parts across the country. In his article on CNBC, John W. Schoen examines why most drivers may be right in thinking that someone may be rigging the market because of the prices spike throughout the country (Schoen, 2013).
While gasoline prices have been a major problem in the recent past, the tendency of these costs to be different from one place to another raises huge concerns. These concerns continue to emerge despite of people understanding that there are various stakeholders in this industry such as refinery companies. Even though gasoline is a major issue throughout the world, prices spike suggest that the different market players are involved in the prices...
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