Monday, April 25, 2011
Possible Gasoline Price Gouging.
Here is an article from CNN about an investigation into high gas prices:
http://edition.cnn.com/2011/US/04/21/holder.gas.prices/
TL;DR
Gas prices keep going up as though there were a supply issue, when there isn't an actual supply issue. It seems the oil industry is doing this in the face of unrest in the Middle East as a way to pad themselves against a possible crisis that actually DOES cause a supply issue. So authorities are investigating it, because it sounds a lot like price gouging.
It is important to point out in all matters involving fossil fuels, that they are bad. I think in the long term it is better to have the prices stay high, because it will force people to really think about how we should be moving away from this industry all together.
Funny how the CNN picture shows a school bus in the background, as if to say "HOW ARE THE KIDS GOING TO GET TO SCHOOL NOW!?" I think it would have been much better to show people who recently bought SUV's crying.
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