That about says it all about our current gasoline situation. A few months ago a barrel of oil was over $150 and a gallon of gas was $4 or higher. Then suddenly around election time gas prices fell. And kept falling. In some parts of the country gasoline was selling for close to $1 a gallon! At most places it was still low at around $1.25-$1.40 per gallon.
Now, after the election is over and the new administration has taken office I can see that gasoline prices are slowly starting to rise. It averages $1.80 in my area of Florida and I predict that in a few months that will double and we'll be back in the $3.00+ range.
No one can give a straight answer for the huge drop in prices, other than to mumble about the price of crude became so low so gasoline at the pump became lower as a result. Bull! After a couple of years of high gas prices why did the price of crude drop 3 or 4 fold? Were the Saudi's and other oil producers just doing us a favor? Did they suddenly feel sorry for the whole world? Was it a Christmas present? No, it is all just a game. You can bet that Exxon/Mobile and the other oil companies are still making huge profits and know that it is only a matter of time before they are making record breaking profits again.
With the upcoming economic stimulus plan almost approved I'm sure we'll need that extra money to pay for the upcoming price increase in gasoline and fuel-heating oil.
Have you ever seen so many stupid people wearing suits and ties and having titles such as CEO, CFO, White House Press Secretary, Speaker of the House, and Vice-President? (I'm reserving the title of "President" to see what he does with his first attempt to help the economy).
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