Monday, May 11, 2009

Gas And Oil Prices

Here are two news stories, both published in the last three hours....

According to CNN, oil prices fell sharply today as optimism for an economic recovery was tempered by weak demand and record-high inventories. June futures were down $1.69, falling below $57 dollars a barrel, after last summer's all time high of $147 a barrel.

At the same time, the motorist group, AAA, reports that the national average price for a gallon of gas rose at the pump overnight for the 13th day in a row. The price of a gallon of regular unleaded gasoline for the average motorist is up 15 cents over two weeks ago, and up an average of 1.3 cents overnight.

When this sort of thing happened under Bush, it was because Bush was "buddy-buddy" with the oil industry. I wonder why it's happening now.

Wait ... I know. It's because of "inherited problems from the previous administration."  Yeah ... that's it.

1 comments:

Bob Qat May 12, 2009 at 1:45 AM  

Bravo. Understanding the rottenness of the situation is only the first step in attracting Big Brother's attention. Good luck dodging the endless IRS audits and other elistist abuses. I hope T C Shore is a completely fictitious identity.

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