Sticking It To Us at the Gas Pump Because of the Iran ‘Crisis’

The price of oil is destroying the economy for the working folks of America. They have us good now. It would take a social, political, international upheaval to get the price of a gallon of gas to go below $2 again. They’ve been floating the prospect of $4 a gallon. They say prices may hit 80 or 90 dollars a barrel.

The U.S. supply is up. On Wednesday, the U.S. Energy Information Administration reported that commercial inventories in U.S. of stored crude rose by 3.2 million barrels to 346 million, the highest level in nearly eight years, since 1998.

Compare the $70 something we’re being charged now for a barrel to the $15 a barrel in ‘98, and we’re left with nothing but the Bush wars to blame for the price of gas today.

Can anyone really show that demand has increased at such a rate to justify the price increase from 2005 when oil was about $28 a barrel? Do we really believe that the price of gasoline jumped so high from glut levels of 2005 due to ‘demand’? Even with all of the profit taking?

OpEdNews