Gas Prices "Explained"

High to Low Gas Prices "Explained".

There was an "economist" on the Public Radio news this morning that "explained" that since the USA has passed new more restrictive laws regarding the grade of crude oil which could be used for Diesel oil in the USA, the USA had had to buy a large amount of the "sweet crude" for its reserve supply.

This caused a lack of oil and gasoline in the system, so the price of what was left went up (supply and demand).

When this large amount of sweet crude had been collected for the national reserve, the price went back down and THAT is what caused the almost 5 dollar per gallon cost of gasoline--which has now suddenly gone back down to less than two dollars per gallon.

Weak!

I wonder WHY no one in the government said a word about this while it was happening!?

I personally think that this so-called explanation is a sweet crude cover-up for some other very slippery monkey business in high places.

Tomasito, 2008


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