While John seemed to be the only one interested last time (and he’s on the internet fast) I thought I’d bring this to people’s attention.
The local media loves to report when gas prices go up, but when they go down it’s not a big story. Like I’m sure you’ve noticed, gas prices are going down, and that’s because oil prices are going down. Now I’m not an oil industry expert, but it would seem that gas prices at the pump are directly related to oil trading prices! All sarcasm aside, I am very curious about the oil to gas pricing process. To me it appears that the evil oil companies are somewhat at the will of the oil stock market. People pump oil, it sells on an oil stock market (whatever the heck that is), it gets refined, and then evil oil companies sell it. I need to research it, but I think that’s the process.
So what’s the point? Last week the senate decided to look into the evil oil companies to make sure they’re not ripping us off. Is it any surprise that as oil traded higher, gas prices were higher? And now as oil trades lower, gas prices are going down. That doesn’t sound like evil oil ripping anyone off. To me it sounds like politicians saying "oooooh look at me!!! The oil guys are more evil than me!!! Don’t forget to vote for me in 2006!"
