Wednesday, March 22, 2006

Gouging at the Pump

Oil is so plentiful that OPEC has considered lowering production to avoid crude prices bottoming out. Our fuel reserves are at 5 year record highs, diesel at 40% (definately a 5 year record high).

Yet ... fuel prices have risen $ .50 + in the last week.

I thought the oil companies arguement was the supply and demand thing ... looks like even if demand goes up the supply is still there to keep prices stable.

So we must ask why are the prices up and the rumours are that it will be up an additional $.50+ this summer ...

Isn't this week Spring Break ?

So much for supply and demand ... more like Greed and Gouge

Listed on BlogShares