Geoffrey enjoys spending time with his family, listening to music, watching and playing sports, investing, and spreading the message of liberty.

Politics, News & Issues > Energy Issues Who's to blame for the surge in gas prices?

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The price of gas is subject to the laws of supply and demand. It is not to say that there is a totally free market environment when it comes to gas and oil, but it is still ultimately an issue of how much is being produced (supply) and how many people want it (demand).

As far as the demand, there is really nobody to "blame". Americans like to drive and worldwide demand for oil (which affects the price of gas) has gone up, especially with highly populated countries like India and China becoming more industrialized.

The supply side is a little different story. It is not just the curr...

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