Fred Business News - For months we've been hearing how gasoline subsidies or price controls in places like China and India are artificially fueling demand there. Being that oil is a global market, rising demand overseas is one reason prices have risen here in the U.S.

 

Those subsidies are now being trimmed, as soaring crude prices make it increasingly difficult for governments to foot the bill. In recent weeks China, India, Indonesia, and Iran - countries where the government sets the price of gas - have ...   more »