Gas, Inflation, Greed,

Economy

While Gas is hitting or topping $3.60 a gallon in the United States, it has topped a $1.29.9 a Liter up here on the West Coast of Canada. For those who aren’t able to figure out the ratio, it is about 3.95 liters per U.S. Gallon, 4.54 Liters per Imperial Gallon. So basically, if we were using U.S.A. measurements, gas would be about $5.13 a Gallon. Given the current exchange rate, I think it would be about the same, as last time I checked the dollars were about even.

Gas prices hit $3.60 a gallon and oil futures rose to their own new record near $120 a barrel on Monday as labor actions overseas threatened crude supplies. Oil prices later retreated to close up only slightly as the dollar stabilized against foreign currencies. (source)

It is amazing isn’t it? Because of some shit thousands of miles away, we get stuck with higher fuel prices, and yet when it the damn price drops, do we get the benefit?  NO WE DON’T!

And that makes me wonder, more and more, if this isn’t a phony excuse. I mean take into fact that ALL OIL COMPANIES are recording RECORD PROFITS, and yet they claim that they are merely passing on the high cost of goods, to the consumer. If true, how in the hell are they making more money? Then too, there is how you won’t find a difference in prices at the pumps, NO MATTER WHICH COMPANY YOU BUY FROM.

Now I don’t know, but I have been in business since I was eleven years old. I know that two stores, selling the same goods, rarely have the SAME PRICES. One store buys more, gets a better purchase price, another buys from a different supplier, gets a better price. There are tons of reasons of why two stores selling the same item charge different prices, so how come OIL COMPANIES CHARGE THE SAME?

Plus it isn’t like ALL OIL COMPANIES have the IDENTICAL EXPENSES. That would be impossible, given that not all of them are the same size. So I don’t buy this SAME PRICE COINCIDENCE BULLSHIT that they spout. If that isn’t a clear case of COLLUSION¹, I don’t know what it is.

Unfortunately the people we have elected to Govern, are in the pay of these Giant Corporations. Of that there can be no doubt, otherwise how could such blatant rip offs continue, without any sanctions, any investigations? I mean come on, they took on Microsoft, AT&T, and other conglomerates, and beat them too, so how come they aren’t taking on the Oil Industry?

Too many Campaign Contributions from them, perhaps?

Ian @ April 29, 2008