Washington Gas
February 7th, 2009 • Related • Filed Under
Sourced from MarketWatch:
Question:
Why is the gas price going up? May as well be $85 barrel for oil!
Answer:
Why gas prices are going up?
1) You have a friend of the loony left environmentalists in the white house.
2) Oil companies want to make money so they are slowing down refinery rates to keep demand and supply balanced and prices as high as possible.
3) Price of a barrel of oil is no longer relevant to the down side price of gas, but remains relevant on the upside.
4) If the oil companies don’t keep the gas price up, Washington will do so with a new tax.
Look for $2.75 to $3.25 this summer, regardless of the economy. We are in a sad state for at least the next 18 months.