Oil prices are at near record highs but gas prices haven’t gone up.
What’s up with that? Could it be that BIG OIL is protecting their protector, Bu$hCo?
From BBC: Oil price near record close in US
In New York, crude closed at $77.02 a barrel, just below the $77.03 record set on 14 July 2006.
Analysts said that oil prices could keep rising next week.
“We’ve got a highly charged market here, and it doesn’t take much of a headline to spark a 5% price move,” said oil analyst Jim Ritterbusch.
It seemed that just a few weeks ago BIG OIL was setting us up for higher gas prices with their whining about refinery problems.
Midwestern states that depend on fuel supplies from the flooded refinery in Coffeyville will see some of the highest prices in the nation for gasoline and diesel this summer, industry experts said.
Yet, gas in Houston, TX was $2.49 Yesterday and it hasn’t gone up in N. Texas.
Could it be that BIG OIL doesn’t want Bu$h’s approval numbers to go any lower than 25%.
You can’t fool all of the people all the time but apparently you can fool 25% all the time.