I remember the pre-Katrina days when the price was in the $1.65 range here in NJ. Then they skyrocketed up (due to supply issues claimed by the oil companies) to over $3.00. I remember hearing on Imus that he thought the prices would gradually fall back to around $2.25 and that the country would be grateful for the cheaper gas - never mind that is was over .50 higher than before. He was wrong - they only came down to around $2.60.
The whole supply issue excuse doesn't make any sense at all - if the supply is down, driving the price up, the net effect to the oil company bottom line is neutral. How does one explain the record profits earned in the oil industry since Katrina?
"After all, we are not communists"
Christopher Moltisanti: You ever think what a coincidence it is that Lou Gehrig died of Lou Gehrig's disease?
Tony Soprano: Yeah well, when you're married, you'll understand the importance of fresh produce.
