Wednesday, October 21, 2009
Notice Anything Familiar?
I said last year this would happen, and I was right. A little more than a year ago we were paying $4.50 for a gallon of fuel. Then, in large part because of the age old law of supply and demand. We couldn't afford to pay that, so we cut back. The price of oil fell. Now the rise is more subtle. But what I predicted then was that once the price dropped people would quicly become complacent and start driving again, and buying big fuel suckers. Sure enough, today oil topped $79. per barrel, and the cost of a gallon of gas has jumped about .20 in the last two weeks. It will shortly be $3.00 again, and if we don't wise up, it will keep going up. We don't need to do this to ourselves, and it gives away our power as consumers to allow oil companies, whose obscene profits are not being talked about right now because of all the chatter regarding banker bonuses. Ok-don't talk about it, but don't let it slip your mind either. Consumers have the power to see to it that we are able to continue to pay an affordable price for our petrol.