Monday, November 06, 2006

“Stabilize” Turns into 11% One Day Increase

In running errands I found those stabilizing gas prices predicted yesterday, morphed into a .20 increase, a nearly 11% increase in just one day.

One would think big oil would wait until people had already voted before sticking it to the consumer. As for supply and demand driving prices, the news had this to say.

OPEC President Daukoru said “The market is clearly oversupplied, clearly oversupplied.”

If that’s the case, how does San Angelo, Texas get an 11% price increase in less than 24 hours? I’ll keep this and more in mind as I head to the polls tomorrow…

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