Retail gas hits 12th consecutive record high - May. 19, 2008
Shouldn't be too surprised, but why is no one paying attention to the fact that diesel is higher and has been for a long while now, increasing the cost of everything that depends on it to get from point A to point B.
Why gas prices have gone from 90 cents to $4 a gallon. - May. 20, 2008
A new refinery hasn't been built in the United States in three decades, although capacity at existing refineries has been expanded.
Emphasis mine of course. Here's how supply and demand work as simply as possible: low supply and high demand equal scarcity and thus higher price. We have massive demand and thanks to persnickety environmentalists and a brainless government it is massively more expensive to bring a refinery to idiot standards than decades ago. Wait, the government is giving them an excuse to cut supply in the face of ever increasing demand... KA-CHING!!!
Do you suppose that this might have something to do with MANY MANY MANY members of congress in BOTH parties and MANY MANY MANY so-called "greens" holding investments in oil and gas???
Hmmmm???
Duh.
Nevermind speculation, oil drilling bans in the USA, etc...
|