What’s The Next Excuse For High Gas Prices?

Thanks for coming back

First there was Katrina.

Next, we had some refineries closed for maintenance. (This ranks up there with “my dog ate my homework” as a pathetic excuse.)

Then there’s the Iraqi war, the threat of a possible storm that might maybe do something somewhere, high demand, big SUVs, President Bush, and the list of asinine excuses continues.

This is somewhat unrelated, but I just had to throw it in. Three weeks ago, when prices fell slightly, a democrat told me that President Bush lowered prices and will keep them low to help John McCain win the election. I couldn’t say much; I find it extremely difficult to argue with ignorance.

The latest, Almighty Hurricane Ike, has caused as much as a fifty-cent spike overnight in my area. So, today is Monday 09/15/08, and Ike has passed. There was little damage to any oil rigs or refineries. When I checked at 7:51a.m. cst, light sweet crude listed on NYMEX at 95.98, but pump prices remain at $4.29/gal. What’s up? Maybe I’m just a simple-minded, fact based person, but it seems to me that if the speculation of destruction causes a sharp spike in price, then when that speculation is incorrect prices should fall sharply. I’m sure when Ikegate is over some other inane excuse will be peddled to the public.