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Showing posts with the label gas pumps

2011 Gasoline Profiteering Again

Gasoline prices are soaring, again. We are told that the supply has not been interrupted and that supply is just fine. We are also told that fear and anxiety is driving the price up. Is it possible that fear and anxiety might also be known as oil companies and profiteers. If there has been no decrease in available supply one has to wonder why the oil companies are raising the prices. Fear and anxiety can’t tell the gas stations to raise their price but oil company executives certainly can. Is there any benefit to the American public by raising oil prices? Is there any benefit to the oil company’s bottom line by raising prices, gouging the public and benefiting from the anguish of the consumer who must choose between filling the tank or buying milk for the kids? Sure, more profit in off shore bank accounts and record profits must negate the negative impact on economic recovery. Why else would otherwise normal human beings inflict such economic pain on their fellow Americans? Some clai...