Today’s relatively “cheap” gas won’t last, says Stephen Schork, editor of the The Schork Report. This summer, gas will likely be back over $3 a gallon again.
Why?
Because refiners, the folks who make crude oil into gasoline, are getting killed. Speculators have driven the price of crude oil up well beyond where it should be [...]

SINGAPORE (AP) — Oil prices hovered above $73 a barrel Friday in Asia after a major sell-off the previous day as investors dumped stocks and commodities amid doubts about the global economic recovery.
Benchmark crude for March delivery was up 25 cents at $73.39 a barrel at midday Singapore time in electronic trading on the New [...]