Have you ever seen gas prices go up any faster than they are right now? The oil companies use any excuse they can think of to raise the price of gasoline. Some Arab stubs his toe and the price goes up a couple cents -- a small refinery goes off line for several hours and the price goes up some more cents or OPEC thinks that it should get more money for their oil and the price goes up a dollar.
OPEC raises the price of crude oil 10 cents on a 42 gallon barrel and the price at the pump goes up 10 cents a gallon (a barrel of crude yields 19.7 gallons of gasoline).
Sometimes it seems to me that I am the only one to equate the fast-rising price of gas with the obscene profits of the oil companies. Everyone seems surprised that the oil companies are able to make any profit because the high cost of a barrel of oil.
The California Curmudgeon
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