Are Oil Companies Keeping Prices Low At the Pump to Save Bush's Butt?
Kyle Murphy
Remember years past, each and every time there was a spike in the price of a barrel of crude oil, maybe a spike of .50-$1. Literally the next day prices at the pump would jump a few cents. I can remember local papers complaining that it should take weeks for those barrel prices to effect consumers. Oil companies are far too powerful to feel any pressure from the NYT or the Washington Post, so they always got away with it. This time is different, something has changed dramatically. Something so obvious that we all missed it. Do you realize that the price of a barrel of crude oil fresh from the ground has recently jumped from roughly $37-$39 a barrel (which is what cause gas prices to jump to $2.20 per gal.) to an insane daily record breaking pace that has it right now at this moment pushing $49-$50 a barrel? So, where is the change at the price at the pump? If they can raise our price per gallon 3 cents the day after gas went from $36 to $37 a barrel than how come the price per gallon has quietly been dropping a few cent. A crushing blow to our economy should have happened 2 weeks ago, gas at $3 a gallon.
If you haven't deduced the answer yourself, well than, here it is. Oil companies are biting the bullet here, sweating it out, praying that prices either come back down to normal or waiting for bush to win the election so we can all instantly start paying $3 a gallon or more to recover for any looses they have sustained while playing political games. I don't want there to be a crushing blow to the economy. But I don
