Tuesday, September 16, 2008

What a gas...

I find it so interesting that as soon as the new announces that the price per barrel oil price has risen that the price at the pumps, overNIGHT increases. Yet lately we have had many, MANY announcements that the price per barrel has gone down...yet the prices at the pump do not reflect this. Case in point, from my local news station:

Oil Price Decline Takes Time To Reach Gas Pump

Gas Prices Still Higher Than Last Time Oil Was As Cheap

The price of a barrel of crude oil has continued to slide, but many drivers are wondering when those savings will trickle down to the pump.Crude oil slipped to $92 a barrel on Tuesday, the lowest it has been since last November. At that time, gas cost about $3 per gallon. But now, it's about 50 cents higher.

3 comments:

Mel said...

But how else are the oil companies supposed to keep making record profits? You're just anti-business. :-P

yarnophiliac said...

sure chaps my ass.

=Tamar said...

Took the words right out of my mouth.
It isn't the fault of the guys at the station, either, they get hit by the oil company for every penny. It's gross. What odds they're doing it to force support for drilling everywhere they weren't allowed to?