I don't know about you, but gas prices around the Fox Lake area just jumped from $2.96, still a rip-off, a week ago, to $3.06 Tuesday, and $3.13 yesterday.
I knew when we had the oil refinery fire back on Monday that the boys in Big Oil boardrooms were jumping up and down with glee with the anticipated profits they were about to make. Then, I saw in yesterday's Daily Herald for Chicago's suburbs, that the price of oil closed at over $100 a barrel for the first time. What got me was the rest of the short blurb "as investors bet crude prices will keep climbing despite evidence of plentiful supplies and falling demand." !!!!!!!!!!!!!!!!!!!
Whatever happened to the Law of Supply and Demand or the Free Market Economy? Something has definitely gone awry.
Can you believe those guys. I definitely don't think they have our and our country's best interests in mind as they squim for that all-mighty dollar. Hey guys, haven't you noticed that our dollar has essentially become worthless!!
I'm beginning to think the time has come to close the world commodities market down.
What About gas prices this SUMMER????
Personally, I don't think it will go much over $3.50 despite the fact summer driving season is just around the corner. Prices around $4 or $5 would hurt a particular party's efforts at retaining the White House. Somehow, a miracle will occur. We will find much greater inventories and pumping production. It's a miracle I tell you.
Remember last year, we had the big gas price increases in anticipation of the summer driving season. Once it got here, it didn't go up much.
Of course, I could be wrong. Perhaps the Big Oil folks are thinking that the gravy train is about to come to an end and are having one final feeding frenzy before they're stopped. In that case, we might really see $4 to $5 gas.
Who Could Have Believed? --RoadDog who can't go out on the road because he can't afford to fill up his tank. But, then Again, It's Been a Mighty Cold and Gloomy Winter Around Here.
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