Who's To Blame For High Gas Prices?

Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about painfully high gas prices coming down the pike. Now, high gas prices are back in the news, but this time the oil companies and production curbs are not to blame -- the culprit now is retail fuel station chains, which are accused of colluding to artificially inflate gas prices at the pumps. Back in March Oilprice reported that “U.S. Consumers…