Gas Prices you knew this was commin!

Originally Posted by Downthestretch55

Pillow,
I'm a very big cynic on this topic.
back in the '70's during the "oil embargo", all I had to do was drive along the Palisades Parkway along the Hudson to see loaded tankers, one after another, all full but not off loading at the NJ refineries, to prove to me that the market can and is manipulated. People were lined up at gas stations, coming in with cans for gas due to the "gas shortage".
Did the price go up then?

So, now we have elections coming in November. Do you think production is up for a reason? Sure prices are coming down..for now.
Do you think the Saudis got a call to have them do a favor? They'll go down just long enough for people to forget the high prices of the past year...watch what happens to the prices in Dec. and Jan.

DTS..if you saw tankers stacked up on the Hudson...refusing to unload crude..so be it. And yes the price at the pump went up. Crude oil sky rocketed...so price at the pump, on whatever product was available, went up. This time we topped out at about $75 per barrel...back in the early 80's, after the embargo, the highest price I remember was about $46 per barrel. So prices, at the pump, went up in both cases.

Ez