Gas prices and investigations

[radfringe]

Last week I mentioned to the resident bush supporter (RBS) at work that if we wanted to see lower prices at the pumps there has to be an investigation.

I pointed out that consistently - every time prices go up and congress starts an investigation -- suddenly the prices go down.

The RBS scoffed...

Yesterday - I mentioned an article about an investigation into gas/oil prices. "Watch", I said, "by tomorrow (thursday) prices at the pumps will start coming down."

Well - I checked Gasbuddy.com for our area -- guess what -- prices went from an average of $3.19/gal to $2.99/gal

apparently - from this editorial - I'm not the only one to make this connection....

Gas probe may calm prices

WE applaud State Attorney General Bill Lockyer's investigation into gas and oil price increases after Hurricane Katrina. If history is an indicator, the investigation could at least stabilize and possibly reduce gas prices.

The hurricane provides convenient cover for oil companies to raise prices beyond what the market would otherwise demand. Katrina knocked out about 10 percent of the nation's refining capacity, which will hurt, but ought not to cause the massive price spikes Californians have been seeing at their pumps.

[Kahuna]

1. I noticed lower prices yesterday too.

By about 10 cents.

[notadmblnd]

2. last Sunday (before the hurricane) gas 2.57 in Mich

tuesday after gas had shot up to 3.38 a gallon. Our Governor made some phone calls and on wednesday 28th gas was holding at 2.99. Today 10/7 gas at some stations was lowered to 2.89. Most are still holding at 2.99 though.

[Clintmax]

3. There should be an ongoing investigation then...

Maybe we could see the $0.89 gas prices again like we had in 1997. :rofl: Yeah...right...