You'll get many different answers thats for sure! It's a matter of supply and demand combined with speculators. Oil is sold on the commodities market which affects its price more than a typical supply/demand product would.
China and India have been growing rapidly which accounts for a large portion of the demand. (China used 10% more oil last month than they did a year ago!) That combined with OPEC controlling output keeps oil prices artificially high. Add the commodities/speculation market in and theres the issue!
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