Journal Article

When oil prices jump, is speculation to blame?

Abstract: Whenever the price at the pump climbs week after week, people start pointing fingers at investment banks, hedge funds and other speculators. This article quantifies the role that speculation played in the rise of oil prices during the past decade.

Keywords: Gasoline; Petroleum industry and trade; Petroleum products - Prices;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2012

Issue: Apr