Quote:
Originally Posted by gtagrip
However, when they raise the gas prices in the spring and summer, the price in the fall never falls back to the price as the previous fall. There is always that slight increase to the prior fall and that is how these oil companies keep raising their prices to the unsuspecting consumer. In other words, this falls lower price will be higher than last falls lower price and the game continues into the next year's seasons. And this all happens when these oil companies are making record profits.  |
I think if you follow gas prices a little more closely you will see that this isn't quite true. Indeed Gas is never going to get back down to 1$ a gallon, that ship has sailed never to return again. However I don't see it going back up past 3.00$ per gallon either, the petroleum companies have tried that it doesn't work out for them. So we float between 2.40$ and 3.00$ per gallon through out the year, and have done so now for basically about 2 years. There have been a couple of spike where people lost there marbles, I blame wall street for this, but for the most part there is a 50 to 60 cent window we ride in. As we have always ridden in.
Now as for the Oil companies and there profits well with China and India fighting for petroleum along with the US. They are indeed the winners. Capitalism at its best. We can't criticize them for doing something that is a foundation and corner stone of our economic system can we? Now if we want to point finger I believe what we need to do is look at the fact that it is still cost prohibitive for an oil company to drill for oil in the United States. With all the environmental, land rights, and labor law issue faced here in this country producing a gallon of crude and delivering it to a refinery is not cheep. It is just as expensive as buying it from somewhere else. If people want to fix the problem. We need to make drilling and pumping oil in the US viable again.