You just can't win with these assholes: Gas prices keep climbing even as oil prices drop

[gatorboy]

http://www.huffingtonpost.com/2008/05/29/gas-prices-keep-climbing_n_104028.html

NEW YORK — The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It's jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.

If you need premium, it's also never been more expensive. The auto club says the national average for premium is $4.35. That's an 84-cent-a-gallon jump over last year.

Oil prices fell back Thursday ahead of a report expected to show U.S. inventories of crude and petroleum products grew last week.

Prices remained volatile, though, buffeted about by threats against Nigerian oil facilities, worries about falling gasoline demand in the U.S. and a strengthening U.S. dollar.

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Did I read that correctly? Now they're saying that gas prices will stay steadily at there current price because of less demand and a strengthening U.S. dollar? Haven't they been saying the the weak dollar is the cause for all this in the first place?

[still_one]

1. Phil Graham and the Enron loophole is a big factor in this

mccain and bush are up to their neck in this

http://www.huffingtonpost.com/2008/05/27/phil-gramm-mccain-co-chai_n_103801.html

[SpiralHawk]

2. Creating the evolving, soon-to-be historic Republicon Recession

Sign taped to a gas pump: "Thank you for your generous donation to the Republican oil party."

[Andy823]

3. Yep, I have been saying that for years.

This is Enron all over again but on steroids!

[still_one]

7. I certainly hope our nominee really hits them hard on this /nt

[BlueJac]

4. Hey, it's the free market at work.....

and it sucks. Unregulated raping.

[Stagecoach]

5. What's sad

Is they make it sound like these barrels of oil they're buying at $130 is going into the gas pumps within a week! There's about a 6-month turn-around from the barrel to the gas pump. We're paying $3.95 a gallon on gas that came out of the ground last November, when the price of the barrel was nowhere close $130.

It's always been my belief that if these oil companies were really having to pay that much for their oil, they wouldn't be making the record profits they do. If they were paying that much, their profits should be staying the same. That is, if the mark-up between what they're paying and what they're selling it to us has stayed the same. But obviously it hasn't.

[sinkingfeeling]

6. Local stations reduced the price by 5 to 10 cents a gallon yesterday afternoon.

[gatorboy]

8. I just checked here in Hot Springs and they've stayed the same.

:(