The AP just released a story that’s likely to make American consumers cringe: Oil prices have set a new record today, rising to above $147 per barrel.
Starting to feel a bit price-gouged?
According to Tyson Slocum, director of our Energy Program at Public Citizen, this isn’t surprising. He told the U.S. House Committee on Agriculture this morning that these stories of record-setting prices aren’t simply resulting from supply and demand; they’re also the result of weak or non-existent regulatory oversight of energy trading markets.
