CrackerJax
New Member
Incorrect. Opec sets the prices, not the oil companies. Supply and demand are the keys.Gas Prices have little if anything to do with the Government. It's commodities traders and wall street that drive those prices up.
When the Energy Bubble Burst (which I predicted) The prices dropped over night. This is because the price of a barrel of oil dropped from $120.00 to around $32.00 a barrel. Right now the price for a barrel of oil is at $68.44 a BBL and is predicted to top out at around $90.00 a BBL.
Since the fed's have at least a 50 cent tax on every gallon of gas sold in the US, you are wrong there as well.