It's blatant thievery, plain and simple. How do the owners of gas stations justify raising the prices overnight? When the price of a barrel of gas goes up that price increase should not be felt at the store level for weeks. The gas that is being pumped today was paid for at the time of delivery and/or the price was contracted at a fixed price. You can't speculate on anything that's already paid for! How is that the oil companies can get away with this while in any other industry people would be screaming foul! The oil industry needs to be heavly regulated...again!
ReplyRemember, back in May of 2008 when a Senate committe chastised Morgan Stanely & Goldman Sachs of spiking the oil to a price of $149 a barrel? It took them only one month to "unwind" their positions. Same thing is happening now. BTW, Goldman Sachs & Morgan Stanely founded the I.C.E International commodities exchange. Is it any wonder that oil prices are going up as well as food prices?..
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