A Gas Crisis 30 Years in the Making

Embrace the memory of the average $3.21 cents we’ll pay for each gallon of regular unleaded gasoline purchased this Memorial Holiday weekend. The chances are we’ll pay a lot more next year and the year after that.

Abandon your conspiracy theories, your worries that global oil companies are gouging us at the pump. For the record, they are. It’s the kind of profiteering that accompanies any crisis — war and rumors of war, hurricanes, or other actual or imminent disasters.

What the oil companies are doing isn’t moral. Nor is it illegal. But it is business.

washingtonpost