Gas Prices

So have you filled up your tank lately?

Gas is now less than two dollars a gallon in much of the country again; including California and the Northeast (NY/CT).

Less two months ago gas had hit five dollars a gallon, and had taken three years to rise to that price from it’s current level.  Actually it took one year to go up a dollar, and then the next year it went up two (and most of that in just a few months).

Why?

How?

Oh… right — who was in charge of the US Petroleum Reserves… and who are his friends and business associates?

My feeling is this begs for a congressional investigation and some punitive action against those responsible.

My rational is simple.  Many American’s that were hardest hit this Summer by gasoline prices had their budgets totally destroyed by the price gouging… and some of them likely lost their houses or had to dip into their retirement saving because of it.  So once again, the middle class Americans pay for big business (read that as big oil) to make even more money.

Greed… pure adulterated greed!

I certainly have no issues with capitalism and fair market economies; but we don’t have a totally open economy, the government exercises control over many facets of it, and that requires that the government keep a watchful eye over all of it.

Originally posted 2008-11-17 12:00:11.