Yesterday, the price of gas near my office was $1.78 per gallon.
A 14 cent jump in less than 24 hours.
We all see this and, for those of us who pay attention, we wonder "why?" And we wonder this again and again and again.
I watch gas per barrel fairly closely and haven't seen any extraordinary swings in the price of oil lately.
What's to explain these swings? Why do we, as a country, put up with this?
Oh, that's right. We love the free market, capitalist system.
So now I see, fresh off the news, that oil has jumped above $51.00 per barrel today, on news and hopes that the recession is cooling.
Get ready for a screwing folks.
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