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Posted: 12:10 a.m. Monday, Feb. 25, 2013

Editorial: Rising gas prices shows need to rein in speculators

By Randy Schultz

Palm Beach Post Staff Writer

Remember how we heard during the campaign that producing more domestic oil would lower gasoline prices? Forget it.

The U.S. now produces more than half the oil Americans consume. The jump in domestic production from 2011 to 2012 was reported to be the largest ever. Global demand for oil is down, as many economies are jogging at best. Yet as The Post reported Friday, gas prices in Florida have risen 45 cents per gallon since January.

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