Producer/director Michael Stevens is filling the 18-gallon tank of his Volvo SUV for $75, compared with about $60 just two weeks ago.
“I’m the wrong guy to ask about sacrifice,” he says. “I’m just watching this as an observer of something that is just plain wrong. These spikes are tied to fear in the market that is driven by political chaos in the Middle East."
Much of the recent run-up reflects fears of what could go wrong with oil supplies, rather than with actual disruptions, he says. “We can’t and shouldn’t be driven by such caprice. Prices can spike so fast because there are speculators who are buying oil futures six to seven months ahead of time.”
