This week USA Today ran a front page story about rising gas prices:

http://www.usatoday.com/money/industries/energy/2010-03-08-gasoline-prices_N.htm

As the article notes:

“The national average price for a gallon of gasoline is up 9 cents in a month and will likely crack $3 in coming weeks, given a typical spring rally before the summer driving season, oil and gas analysts say.”

This still makes no sense to me. With the economy in a recession, people are driving less and therefore demand is less. So why are prices going up? The reason is because the gas market operates differently than other markets. A foreign oil cartel controls prices.

Isn’t it time we did something about that?