Sure would like to see it reflected at the pumps. Here in the Puget Sound it went down to the S 1.80’s average several weeks ago, but then bounced back to an average of 2.17 over the last couple of weeks. yet the price per barrel is lower now that when we were in the $ 1.80’s.
I’m beginning to think that the low barrel price is as artificial as the high barrel price, intended to narrow the competition with a new round of take overs, leaving only two big oil companies, who are willing to work with the government regulations, rather against them, in exchange for a noncompetitive market. EXXON and BP.
We already ready read that EXXON was looking around for a company to take over, probably another large one.