Day: February 23, 2012

Ok,

I know I’m late to the bandwagon.

I was listening to the news last night and got to thinking about this whole gas mess.

The price of oil is being inflated due to fears and rising tensions with Iran. Ok I get that.

What I don’t get is that gas demand has been a bit light over the past couple of months, So if the demand has been light doesn’t that mean that the gas being distributed right now was purchased at the lower (Pre Iranian tensions prices)?

If that’s true then why are we paying higher prices on fuel right now? Why is it likely that the high prices will continue conveniently through the Summer months?

Wouldn’t you expect for the higher price to hit us when the oil purchased during the tension actually hits the refineries, or was actually delivered to the gas stations?

I found myself thinking this way because there’s a pattern in gas prices that’s developed over the past decade or so.

Each and every Spring we see some crisis that affects oil prices. It’s like the oil companies go to a big hat and pull out an excuse randomly.

I’m all for capitalism, and all for people making money. BUT I completely reject the inconsistencies between the excuses oil companies give when asked why gas or heating oil prices are so high and record profits year after year.

If in fact the oil companies are hurting… then how can they post ever increasing profits? Shouldn’t we expect their profits to be flat, or only incrementally higher?

I, as I suspect a lot of people have begun to believe that Big Oil is lying through their teeth and actually playing with oil pricing as a means to drive up profits at the expense of the economy and the suffering of the American people.

I’m hoping when congress investigates the sudden disproportionate run up of gas prices this year, that someone at least takes the oil giants to task and calls them liars to their faces.

In the mean time… the only thing we as consumers can do is this…

Use as little fuel as we possibly can. Lets see if we can affect Oil company profits by purchasing as little of their product as possible. Leave those cars in the parking lot folks…

Of course the other alternative is…

Invade and conquer the Middle East then destroy OPEC and pump those deserts dry.

I didn’t say it was a GOOD alternative…

——– UPDATE ———-

Was out & about, the price for premium unleaded at several stations was 4.69 per gallon. There was one station advertising 4.85… needless to say the employees were sweeping and cleaning up the station because there was no-one else in the place.

I’m pretty sure we’re going to see $5 and above real dang soon…