And yet gasoline prices rise

[mookiemookie]

Originally Posted by TorpX

Blaming the speculators might make people feel good, but it won't solve the problem. The reason everything prices are rising is than our money is worth less now than it was before. It is a direct consequence of the US Government printing money to finance it's spending. (Remember "Quantitative Easing"?) Regulate the speculators all you want, have a congressional lynching, but it will not make prices go back down. As long as the Fed keeps inflating the currency, it will lose value.

Got any data to back up that assertion? I've got data to disprove it.



Gas prices adjusted for inflation are still up drastically since 2000 when Congress allowed speculators to trade without oversight on the OTC (over the counter - i.e. not on an exchange) markets and when ICE (the international commodities trading platform) was instituted.

If what you said was true, and the runup in prices was solely due to inflation, then the inflation adjusted price would be steady. It's not. QED.