May 06, 2007

The other surge


Because I'm not currently driving, I don't pay as much attention to gas prices as I used to. This past weekend I did and was startled by the surge.

Back when a Democrat was president, a jump of two cents a gallon was news. Now with a Republican in the White House still beloved by the corporate media, a jump of $.20 goes mostly unnoticed --- as has the doubling in price since 2001.

Since they bought the White House and the Congress a decade or so ago, things are sure sweet for the corporations, particularly the oil companies.

Isn't it a wonder that whether we are talking about CITGO that gets it’s oil from Venezuela, or BP that gets a lot of it’s oil from the North Sea, or Royal Dutch Shell operating out of the Netherlands, or Exxon-Mobile, they can all sell their gas for almost exactly the same price at the pump.

It must be a coincidence, of course, because the FTC is guarding against price-fixing, aren't they?

Posted by Deck at May 6, 2007 04:33 PM