|The Great Gasoline Robbery
||[Nov. 13th, 2008|12:58 pm]
Yesterday I filled up my car and paid $2.03 a gallon. Two months ago, at it's highest I paid $4.05 a gallon. Almost double what I paid yesterday. |
What's the cause behind the sudden drop in gas prices? Is the economy any better today than it was 8 weeks ago? No. Is there more oil? Nope, OPEC actually has been cutting production the last 6 weeks. Are people driving less? Maybe, maybe not. But nowhere near enough to cause demand to drop so much that the price dropped by 50%.
What happened 8 weeks ago that sent the price of gasoline rocketing downwards? All through October as the price dropped, I kept waiting for a "McCain-Palin Surprise": "My friends, we mavericks have sat down with the oil companies and outlined what we were going to do to come January and working together, we were able to save Americans millions in gas costs.' But no pronouncement came.
Could it be all of President Bush's oil cronies finally saw the coming of the end of the gravy train and realized that an Obama administration and a Democratic Congress might just investigate all those record oil company profits in the last 4 years?
Naaah, that doesn't make sense. Must be something else...