Watching the price of gas as it rises to the level it reached in the timeframe of 2006-2007, I am noticing a difference.
This time around, the speculators learned from their previous mistake and have taken the slow route in boiling us. Instead of raising the price of gasoline as quickly as they did back when G.W. was in office, they are taking a more measured approach, raising the price by nickels and dimes at a time. Making it so that the general public can adjust to the idea of paying a higher price and THEN jacking the price up again.
This has no bearing on the troubles in Middle East. Saudi Arabia has stepped up and kept the flow of oil coming. This issue rests solely on the shoulders of the Wall Street Speculators and the price the investors want for a barrel of oil.
When will the public wake up and realize that we are again being duped and that the actions we took in 2007, by not driving and refusing to buy into the hype, will again drive the price of gasoline down to a level where the average person can afford to fill their car AND buy groceries. Not be forced to choose between the two.
The price goes up and down as we are hostage to the whims of OPEC. Presidents have NOTHING to do with the price of oil. If so, do you think GWB would have done something about the July 4, 2008, $145.29 per barrel of oil? But here we have to listen to Haley Barbour accusing Mr. Obama of manipulating the price! Hypocrites!
ReplyDeletehttp://www.afro.com/sections/news/afro_briefs/story.htm?storyid=4267
January 4, 2008, $97.91
March 7, 2008, $105.15
May 23, 2008, $132.19
June 27, 2008, $140.21
July 4, 2008, $145.29
September 26, 2008, $106.89
Here is a chart that follows prices for the last Six Years!
http://gasbuddy.com/gb_retail_price_chart.aspx
One word: Obscene!