Tuesday, May 13, 2008

Four Dollar Gas

I've been saying this for a couple of years now: the oil companies are going to keep pushing the upward boundaries of gas prices by jerking them up and down. $3.80 today, $4.00 tomorrow, $3.90 the day after, this is the way they continue to suck us dry and fill their coffers to overflowing. Here in Louisville some gas stations have already passed the $4.00 mark despite the fact that the gasoline they are selling was manufactured weeks ago when the price of oil was $20 or so less per barrel. Oddly enough, when the price of oil drops the price of gasoline will stay high for several weeks. If there was ever a commodity that needed State control, oil is it. Line the CEO's of the big oil companies up against a wall.

1 comments:

John M. said...

Funny enough, it seems that the old mechanical gas pumps can't go above 3.99. Nobody imagined that the price of gas would go that high when they were made.

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