Interesting..
Crude oil prices are at their lowest levels since June 2005.
I read that and immediately had to check on relative gas prices to see if we're being screwed like the libs were howling about this summer or if it is actually market related pricing.
I found the 2005 and 2006 gas price data and whadaya know, we're currently within a dime/gallon of where the prices were in June 2005. Wow. Economics works.
I wonder if the new congressional leadership will take that information into account when the start their investigations into refiners' "price-gouging".
The dems are just pissed off that someone other than the government is making money. Al Gore advocated a $.50/gallon tax on gasoline back in 1992. So I guess it's OK for the government to cause high gas prices, but supply and demand should not be allowed to cause companies that provide goods and services with any profits.
Uncle Milton would not be proud.
1 Comments:
Amen! May he rest in peace!
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