Swami:
What's all this about oil prices dropping and a bunch of predictions that they will keep falling? When oil prices go up, our gas prices go up the very same day. How long are they going to gouge us before gas prices drop back under $4?
Gutted in Grayslake
Dear G.G.:
What goes up doesn't necessarily have to come down, especially when we're talking about "light, sweet crude," as they call it for some twisted reason. But it has come down, in apparently record fashion, between Tuesday and Thursday.
Meanwhile, as you so sharply point out, our gas prices here in Lake County have not gone down in record fashion between Tuesday and Thursday. Before Thursday, the last time a barrel of oil was under $130 was June 5. That week in Lake County, you could still buy a gallon of gas for under $4.
So the ball is in Big Oil's court. With the foaming-at-the-mouth speculation suddenly cooling down, when will they get us back into the $3 range? Let us peer into the crystal ball and see ... hmmm ... not good ...
Your answer: A hurricane will hit the Gulf Coast in the next three weeks, causing a light bulb to burn out at an offshore platform, giving Big Oil all the reason they need to nail us back to the wall. Not that $3.99 gas is anything to celebrate.
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