I am watching' the gas prices everyday driving to and from work, and I kid you not, for the passed three days gas prices went up at an average of 3-5 cents a day nice and steady!
Saturday June 22nd ARCO at $2.97/ UNOCAL at $2.98; today ARCO at $3.17/ UNOCAL at $3.19.
Now can anybody lecture me what happened between June 22nd and June 25th? We did not have any Hurricanes in the Gulf, the Saudis are in one piece, so what is the reason for jacking up the prices? Ahhh the vacation time is coming, we have to add the ethanol, perform a smell test, geeez Charlie forgot to turn the MTSB spigot on, therefore let's stick it to them, huh!
I am asking myself, what exactly has had happened since 04/25/05 to justify the oil prices to jump almost $1.30 a gallon! I am not aware of any major interruption of oil supply anywhere, at least we were not told by the media.
You know what the summer will bring?...$4 Gallon of fuel, that's what will bring.
We seem to have come to the conclusion somehow that cheap gasoline is a guaranteed birthright somewhere in our bill of rights.
We saw how the price controls on electricity worked so well to keep the power on in California.
It is a self regulating system. Do you want cheap gas that no one has any to sell, or do you want to pay the market price that has not failed to keep the gas flowing into your car and our economy?
Regulated prices = No gas, rationed gas.
Are you one of those people who think oil companies set the price for oil? If so, go to the looney bin. If not, you can be educated.
Listen, you aren't going to be able to do much about these prices because if you won't pay, someone in Poland or Japan will, and the petroloum products will go there.
The most effective thing you can do, and I've done it a lot, is to find two gas stations is sight of one another where one is charging a cent or two more than the other, drive in to the higher price station and ask to see the man in charge.
Then tell him in a matter of fact voice, that you are about to leave his station and drive to the nearby station, and make sure he understands why. If enough drivers do this, maybe we can keep pressure on prices.
But, the fact is that despite all the handwringing and cries of pain, most folks continue to drive into whatever gas station inspires them and fill 'er up. Oil companies know this, and so does the government.
The ironic thing is that now that Democrats finally have managed to get what they have been clamoring and struggling for - for years - high energy prices, especially, high fuel prices, they are trying to use this against Republicans.
If I could tell you that we would be rich!
Do you know what LIFO means? FIFO? Go Google it, learn it and then come back. I suppose that if you owned a refined commodity and the price of it skyrocketed you would gladly sell it for the pre sky-rocket price. Well it sure would be nice to buy all my gasoline from danmar.
BTW, when oil gets cheap again, as it most certainly will, I'll be looking for your post about how those poor oil companies can make any money at these prices.