Thursday, May 12, 2011
Why is Gas so expensive?
just in case you haven't given this much consideration. When we had $4 gas in 2008, barrels were $147. We have $4 gas in 2011 and barrels are in the high $90s low $100. What has changed?
Is all of this due to political unrest? I doubt it.
People speak about gas prices as though they are linearly correlated to the barrel price of crude oil, but this is either not the case, or someone in the value chain is charging a premium and extracting more than their fair share.
all signs (esp this grilling of oil company execs on capital hill) point to the exxons and BPs of the world.