I have read little recently to support why our gas prices in this area keep skyrocketing. I have spoken out before about the price of oil being half what it has been for a long time and the price of gasoline being higher than it should be considering that. While it had dropped to half, it has climbed back up some to the high $50 range, which is still significantly lower than what it was last year at this time when gasoline was in the $3.79 range. Being at the high $50s, oil is only about 15 percent higher. Gasoline, however, has jumped and is now poised to go above $3, and at $2.99 it has climbed 66 percent.
At this rate we are paying even more for gas than ever. Yes, it is cheaper than last year, but at the current cost of oil versus the price of gasoline, we are paying more than ever.
If this pricing rate continues and oil does go back up to the old prices, we will be paying almost $7.99 a gallon for gasoline. Isn’t anyone upset about this?
Why doesn’t the news and our legislators do something about this and start asking questions? There is a glut of oil in the world. Big oil is running out of room to store oil because there is so much oil. This fact alone should be a reason we should see prices dropping at the pumps yet we are being fleeced now more than ever.