[johnny r]

This is just another one of the oil industry's dirty tricks. They have lowered the price to fool us.

[new yorker 77]

The US Minerals Management Service said the number of production platforms still without crews in the Gulf of Mexico dipped by 3 to 146 on Nov. 17. Shut-in gulf crude production slipped to 717,807 b/d, while shut-in natural gas production declined to 3.6 bcfd. The cumulative production lost from federal leases in the gulf since Aug. 26 increased to 87.8 million bbl of crude and 453.1 bcf of natural gas. That amounts to 16% of the crude and 12.4% of the natural gas produced annually from those waters.

Refinery shutdowns along the Gulf Coast totaled 804,000 b/d of capacity as of Nov. 16, said the US Department of Energy in its latest assessment of hurricane damage.

http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=GenIn&ARTICLE_ID=241859&p=7

[appleharvey]

This is just another one of the oil industry's dirty tricks. They have lowered the price to fool us

Yep! Just so that dirty scoundrel Bush can win reelection I'll bet.

[Smokin' Joe]

If you put it in perspective, they never really raised it.

1999: Gasoline at $.89, crude oil (sweet) at $6.50/bbl mid continent, WTI at about $10/bbl.

2000 through 2005: Crude goes up from that low to $70.00+, roughly a 10X increase from the WTI low of '99. Gasoline increases to $3.20 at the most (around here).

The increase in gasoline prices was ONLY 3.6 times, roughly 1/2 the rate that crude oil increased.

Hardly a ripoff, if you think about it.