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Original post made
on Mar 15, 2012
Yep, it sure hurts every time I fill up. But oil is a finite resource and demand for it is rising. Now is a good time to make yourself less vulnerable by hedging against future price hikes. Get a bike. Consider moving closer to shopping / friends / work.
Its an international market with rising international demand for a product that is non renewable. Guess where prices are heading?
This has absolutely nothing to do with supply and demand. This is happening because of speculators buying up oil futures. We should not let out of control hedgefunds drive the American economy. Greed at all cost is what's destroying America!
When you have refineries shutting down supply dwindles and prices go up. It is as simple as that. The oil companies love that they have to re-blend their fuels, they make a ton of money during that periods.
The ARCO station by my house shot up to $4.27.9 per gallon in less than a month. Then the price stabilized for two weeks. Finally the cost fell---by only TWO CENTS!!! Will the cost go down more??? Well time will tell...
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