Just about $4.00 everywhere I looked this morning. They've got it to the point where $3.25 would seem welcome. Now that's insane.
PB is right. I told my students way back when gas was still well under $2 that part of the oil companies strategy is psychological. If prices drop $0.50, wouldn't we be grateful? Of course.
The consumers are being played like a Stradivaros. Oil companies are making obscene profits, the Cartel is claiming labor problems and even Iraq is making money on oil. I can't help thinking of Immobiliare. All of our ships must sail in the same direction.
Whoever exalts himself will be humbled, whoever humbles himself will be exalted - Matthew 23:12
