Read the article below and tell me you aren't sick of the profit gouging Oil Industry and with local suppliers who with plenty of reserve fuel in tanks around the Charleston area raise their prices immediately and before any refinery or oil rig has ever been damaged or shut down! But God forbid that they should immediately lower their prices when these "fears" turn out to be unfounded as they did with Hurricane Gustav. Gas prices have never gone back down since that day even though oil prices have fallen another $8 per barrel! Where is Bush? What are the Republicans doing now? They would rather argue about Sarah Palin and her questionable ethics than deal with, "its the economy stupid!"
CNN Article 09-10-08
Gasoline prices rose for the first time in 10 days as Hurricane Ike bears down on the Texas coast, according to a nationwide survey of gas station credit card swipes.
The average price of regular unleaded gasoline rose 1.6 cents to $3.668 a gallon from $3.652 a day earlier, motorist group AAA said Wednesday. The last time gas prices rose was Aug. 31 as Hurricane Gustav forces workers to abandon offshore oil rigs ahead of that storm.
Forecasters are currently predicting Ike will hit Texas late Friday or early Saturday as a major Category 3 hurricane but the storm remains unpredictable.
Gas prices jumped 1.7 cents to $3.532 a gallon in Texas. Prices also popped higher in Alabama, Mississippi, Georgia, Louisiana, Florida and the Carolinas. Nationwide, Alaska and Hawaii remained the two states with gas prices still tracking above $4 a gallon.
The cheapest gas continues to be found in New Jersey, where prices averaged $3.421 a gallon. Crude prices have trended lower amid heightened concern about weakening demand and in reaction to the slew of storms and hurricanes.
Oil prices continue to hover around their lowest level in five months. On Tuesday, crude futures for October delivery tumbled more than $3 a barrel to $103.26 -- their lowest close since April 1.
Early Wednesday, prices were little changed at $103.30 as nervous investors awaited the government's latest reading on oil and gas supplies and following OPEC's announced production cuts.
Meanwhile, gas remains about 11%, or 44 cents, below the record high average of $4.114 that AAA reported on July 17, but they are still 85 cents above this time last year.
Wednesday, September 10, 2008
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