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Friday, June 24, 2016
Those ever-rising gas pricesPosted Monday, March 3, 2008, at 9:41 AM
Ahh, spring! Time for sunshine, blue skies ... and higher gas prices.
Those sunny days are, I'm sure, one of the millions of excuses Big Oil uses for pumping up pump prices.
I'm looking at a fax from the AAA Auto Club South. It says prices will rise as the interest rate falls (devaluing the U.S. dollar) and because oil refineries will shut briefly for spring maintenance and to switch from winter to "more expensive" summer blends.
The AAA includes a chart showing the national average has risen from $2.45 to $3.16 since this week last year.
Meanwhile, from our Associated Press wire this morning: ..."Light, sweet crude futures rose as high as $103.95 a barrel on the New York Mercantile Exchange (today), reaching an inflation-adjusted record high."
Boycotting gas isn't the answer; we've got to keep moving. A mass move to smaller vehicles with higher gas milegae wouldn't help, because gas companies would likely use lower profits as an excuse to raise prices (as in "We have to have a certain income level to operate our refineries" or something similar.
Is there anything middle-income Americans can do to defend ourselves against profit-mad firms driven by bonus-mad multi-millionaires who could less about how high prices affect the non-rich? Sometimes I doubt it.
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David Melson is a copy editor and staff writer for the Times-Gazette.
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