If Oil Prices Drop, Shouldn't Gas Prices Go Down? Well, I Guess Not!

By Joseph C. McDaniel on May 5, 2011 9:29 PM | | Comments (0)
Ryan Franklin, reporting for an ABC Affiliate, tells us that oil prices have dropped, which is certainly true, and that gasoline prices continue to rise, which is also true.

Eventually, of course, oil prices will rise enough that we create alternatives to imported oil, but the suppliers are cagey little critters: as soon as it looks as though we're cranky enough to drill oil wells here in the United States again, or build nuclear plants or windmills or geothermal or solar panel the entire southwest, oil producers back off the price increases for oil for a bit.

And that little foxtrot makes me a little cranky, myself.

Especially when the oil prices drop, and gas prices keep rising!

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