Being in banking for 2 years, people who controls gas prices M'sia is not Badawi(Manager)but shareholders T/F?

Those are results of the inflated price of oil, not the cause. The truth is that there are free market mechanisms at work and it boils down to the simplest factor. That of supply and demand. Demand has greatly increased in India and China and the supply has been maintained at a normal to low level by the OPEC countries. Recently Mr Bush asked the Saudi's to increase production , to ease the cost of a barrel of crude oil; his request was politely rejected.