They're Back!! Big Oil's Doing Their Thing Again!!

Gas here in the Fox Lake area was at a ridiculously high $3.04 on Monday. Tuesday it was $3.15. Yesterday, it had risen to $3.30. What is up with that?? Today, THEY were nice and left it at $3.30. It was supposed to continue falling for the rest of the summer as it did last year. Not what I expected.

Is this one last gasp at obscene profits? Hey, they still make a profit when oil prices decline because of how slowly they drop the prices. Their EXCUSE is that they are selling oil that they bought at the higher prices. What about when the oil price goes up. Then they raise the price at the pump within hours. These guys are something else. The old Rocket/Feather bit. Prices go up like a rocket and down like a feather.

Are they really shooting for the "magic" $4 mark?

And what about the huge profits? Isn't it about time for the quarterly reports to be released?

What is to be Done with Big Oil? --RoadDog