Domestic Policy

Why Is Oil Going Down And Gas Up?

March 21, 2006 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

Nothing defies logic like the price of a gallon of gas. How can oil prices be dipping at or below 60$ yet gasoline prices be so high? Nations around the world have advised that their inventories are at their highest levels in history. Is there a manipulation of the futures being made by market trader’s intent on making a buck because the stock market has stalled? Shouldn’t the government be investigating why the price of gas is so high when the cost of oil is so low?

Maybe it’s just me but even an idiot can see that there is some form of collusion occurring and considering the oil companies have had their biggest year in history I would imagine we could start with them. But we must keep our eye also on the day traders, they are vamping our lifes blood as much as the oil companies, it’s just not as popular an issue right now. However, many are becoming aware and they are trying to get action taken.

Oil prices continued to topple towards $60 a barrel Monday. U.S. light, sweet crude for April delivery fell almost 4 percent to $60.70 a barrel Monday. The only reason we ar paying more or gasoline is because of the speculation that our gas supply may be affected by terrorism. I will buy that but if the supply is not affected then I want a rebate for the extra charge. Why should oil companies get to make money off of me for pure speculation and not demand?

During Mondays’ trading session it was found out that a weekend scratch in Nigeria’s crude output was less severe than first thought. The gas companies raised our rates on this fear but did nothing when it was alleviated, how can this be? And how can we as Americans just sit here and take it? What next, a charge to breathe air? A charge to walk on the earth? If you don/t stand up now then don’t complain when they knock you down further later.

Why Is Gas Going Up?

Related Posts