Reply #12: You know you are an ebiker when . . .

[lfairban]

. . . people start talking about the rising cost of gasoline, and you ask, "What is that getting up to now a days?"

Actually, I do notice. It always brings a smile to my face.

If speculation is a part of the problem, there is a good way to remedy that. Since the futures in this case are a bet that gas prices will go up, they will lose if prices don't go up. That means we should boycott gasoline.

An organized boycott would be best. What if everybody decided to reduce their gas consumption in July by half, and buy no gas whatsoever during the second week. The resulting reduction in demand would force suppliers drop their prices. This means the speculation will not pay off, and instead of profit, the speculators see loss.