Quick petrol-related question.

Pop quiz: Crude oil is $64 a barrel right now compared to $80 a barrel as it was last summer. Petrol is currently $3.24 at the pump as oppose to $3.09 as it was last summer.
So why if the crude price is lower is the pump price higher? I mean I know they've trotted out all the usual bollocks about refineries below capacity and being repaired and such, but cast your mind back to Hurricane Katrina when two refineries were destroyed along with several rigs, and the price of petrol was $2.89 at the pump.
So clearly that's not it.
And given that America's oil comes largely from south of the border and Canada (only 2% from Iraq I believe?), it can't be the catastrophuck over in mess-o-potamia.

Anyone?
Anyone?
Bueller?

My best guess : the house and senate pissed off Bush so he's thrown his toys out of the pram and is "teaching us all a lesson" with unheard-of profiteering courtesy of Big Oil. Nice lesson. Record petrol prices and oddly enough, the three car companies with the worst fuel economy are the three in the direst straits. GM, Ford and Daimler Chrysler. And oddly, Big Oil will be announcing record breaking profits again this year. Obviously that is in no way connected to the wholesale looting of driver's pockets going on on the forecourts across the country right now, and in Bush's "with us or against us" philosophy, you'd be an unpatriotic anti-american communist traitor for even suggesting that.

Comments

Popular posts from this blog

The non-separation of the LDS church and Utah state.

Employees don't want much