Where are the front-page stories, the TV reporters asking people how their lives have been affected, the calls from politicians for immediate action, the letters to the editor from the conspiracy theorists? Gasoline prices have dropped dramatically, even drastically, in the last couple of weeks. And they've dropped everywhere, so this can't be a mere marketplace mechanism -- there's some collusion going on here, folks. When prices go down like this, it does not just mean that the oil companies make obscene profits, though they surely do. We are also being sucked into driving even more, which means we will become even more dependent on all that oil. I tell you, this is one of the most evil, ingenious plots I have ever come across, and if it's not a reason for the immediate impeachment of George Bush, I don't know what is.
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Leo, I am not sure if you are being serious or sarcastic. Since most people have taken vacations I am guessing there is less demand and yes, they want people to drive more. Their profits probably have went down a few billion. But the price per barrel has went down about $10 a gallon and I would guess that has alot to do with it. Foreign issues have calmed a bit as well as the weather in Florida. They still make too much money though.
Sarcastic. If the humor isn't clear, it probably wasn't a good idea.
For what it's worth Leo, I really enjoy your sarcasm & irony. Keep it up, some of us get it....
Who here takes a job that pays less than he believes he can make at some other job? Why shouldn't oil companies charge as much as they possibly can to maximize revenues? Gasoline has proved itself to be an inelastic good; shame on consumers for being dependent on it.