Quote:
Originally Posted by The Phantom Gourmand
No doubt politics and Wall Street are having some effect of the prices we see at the pump. But I also wonder if all the bull crap over in the Middle East is making the biggest difference?
At least one candidate (who is no longer a candidate) promised us $2 a gallon gas if he was to become our next President.
Would you agree that our current President would lower the price to $2 a gallon before the November election, if he could, to guarantee re-election?
IMO I think the President has less to do with gas prices than any on the other 3 reasons mentioned above.
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Finally some sanity to the discussion.
If any person in Washington, DC had control of gas prices then the price woud go down.
Some news reports state that up to $15.00 per barrel of gas is raised by Wall Street speculators.
Most don't realize that when a tanker fills up in the Middle East that oil may be bought and sold a dozen times before it gets to ports in US.
Most don't understand commodity trading and prefer not to learn about such.
Construct more refineries. Not in my back yard. And liability issues.