Monday, October 11, 2004
Memo From the Tin Foil Thinking Cap Dept.
Just Asking:
In the spring, when oil prices were shooting up into the high thirities, lowe forties per barrell, gas prices ticked up by the day, or at least they did here in DC. $2.50/gal was not uncommon. So now, with oil a $53/bbl. prices have stayed relatively steady at $2.00/gal. What gives? Did the suppliers lock in prices in longer term supply contracts? Did the Bush administration release oil from the petroleum rerserves? Did the five major suppliers of oil decided to keep gas prices down until after the election?
Just asking....
In the spring, when oil prices were shooting up into the high thirities, lowe forties per barrell, gas prices ticked up by the day, or at least they did here in DC. $2.50/gal was not uncommon. So now, with oil a $53/bbl. prices have stayed relatively steady at $2.00/gal. What gives? Did the suppliers lock in prices in longer term supply contracts? Did the Bush administration release oil from the petroleum rerserves? Did the five major suppliers of oil decided to keep gas prices down until after the election?
Just asking....
