I can’t believe it’s been nearly four years since we’ve held a discussion on Water Ways about how commodities markets may affect the price of gasoline at the pump.
I guess I’ve been watching and waiting for something to happen. Well, a couple weeks ago, Washington Sen. Maria Cantwell began stirring the pot again.
Here’s what she said during a March 29 hearing of the Senate Energy and Natural Resources Committee:
“I definitely believe that we should get these asset class investors out of this market. Saying that we are going to allow a bunch of investors to treat the commodities market like they want to treat the rest of Wall Street from a securities and investment perspective I think is the wrong idea for commodities, something particularly as vital as gasoline.”