Saturday, September 30, 2006

Gas Prices

As has been well reported, gas prices are quickly dropping with no apparent explanation. By my own eye, gas prices have dropped nearly $1.00 a gallon in my area.

Unless you're a conspiracy theorist who believes that gas prices are being lowered to help Republicans in the November election- in which case there's probably no hope for you- the recent price drops tend to poke holes in the "price gouging" argument. If gas had risen to over $3.00 a gallon because oil companies were just taking an extra $1.00 a gallon in profits, why on earth would they chose to eliminate all that extra money they were "stealing" from the consumers.

No oil prices don't make any sense, but that further supports the argument that oil prices are far beyond any one group’s control. Greedy executives or corrupt politicians? I don't think so.


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