Amazing. What other essential commodity is priced for daily consumption based on the future trading value of a barrell of oil?
And you got to love those ignorant people who just think that if only we drilled all of our own oil, prices would somehow magically drop. Give me a fucking break. So you all think that the oil companies would just, out of the goodness of their hearts, sell that oil to us Americans and give us a big ole price break.
Stupid is what that belief is.
And if the oil companies claim supply and demand is the situation driving retail prices higher, how is it that, soon, oil companies will be posting record profits. Again. For like the past 6 years, record after record.
If your cost to acquire and produce a product is rising (as they say) then you wouldn't be able to post record profits all the time.
We are being screwed by the oil companies. Because they can. And because the repubs in Congress have their backs. But Obama has little to do with it.
BTW, Bush did have a lot of influence on gas prices during his term. Invading Iraq deifinitely drove the market speculation much higher. And drove record profits. Which were the objective anyway. Plan worked well. For them.
You aren't very smart, are you?