T-40, you need to 'splain the cause and effect here. I don't see a relationship.
OK, Glass-Steagall was enacted in 1933, repealed in 1980. During that time, inflation-adjusted gasoline prices dropped more-or-less steadily until the gas shortages of the early 1970s. They peaked in 1981 (shortly after repeal of Glass-Steagall), then sharply dropped until hitting an all-time low in 1999. Gas prices then rapidly rose to an all-time peak in 2008. So it is certainly not true that gas prices have steadily "run up" since G-S repeal.
Now you could argue that gas prices are more volatile that they've been in the past. But, you know, I don't recall hearing you or anyone else complain when gas prices FALL. Speculation may contribute to high fuel prices, but it also contributes to LOW fuel prices. Conventional wisdom says that over the long run, speculation helps price stability. But "stable" and "cheap" are mutually exclusive in the commodities world.
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