Want to Know Why Gas Prices Are so High?

On Monday, Charles Biderman of Trim Tabs Investment Services says that if things don’t change, escalating oil prices will topple the U.S. economy.

Though geared towards an investor audience, Biderman’s article is one of the best explanations of the rising oil prices I have read. In addition, Biderman offers our government and corporate leaders some provocative ways to put an end the stifling gas prices.

Biderman suggests:

  • Regulars require investors in oil futures to disclose their oil positions so the public can see exactly who is profiting from a county crippled by high fuel costs
  • Government, airlines, and other organizations with an interest in low fuel prices short oil contracts on the commodities market
  • Regulars increase the margin rates for oil contracts from 7.5% to 25%, increasing the amount of cash speculators need to control oil contracts

Do you think our government should step in to reduce fuel prices? What steps do propose they take?

Know Before You Go to the Dealership

Find Car Incentives & Rebates at Edmunds.comGet Free Dealer Price Quotes in 5 Minutes
Let the dealers fight for your business; pick your car and find the best price before you leave home.
Get Financing Online Before You Shop
Easy 3-minute pre-approval. No obligation. Past credit problems OK.

Get access to our best money hacks:

Join over 13,207 other young professionals and learn how to get out of debt by 30, increase your income this year and invest for financial freedom.

100% free! I will NOT spam you and I will NOT share your email.

About David Weliver

David Weliver is the founding editor of Money Under 30. He's a cited authority on personal finance and the unique money issues we face during our first two decades as adults. He lives in Maine with his wife and two children.

Make the right choice when you select a financial advisor!
Paladin has been matching investors to 5-Star rated financial advisors since 2003.
Let us match you to pre-screened 5-Star rated financial advisors in your community. Free, fast, and no obligation.