$189,000,000 per day.

That's how much the expected $.50 drop in gas price by June will save the American motorist. Good news for sure.

But if gas prices have gone up $.91 since January, some quick estimating puts the gouging profit over that period at somewhere between one and two billion dollars, and not one penny of that was because it cost more to pull oil out of the ground. I don't know about you, but that really makes me mad. Honestly I may have grumbled a bit if the government had raised taxes on gas by that much, but at least that money would be going toward some good use. Instead, the bulk of that money went straight into the pockets of gamblers and thieves.

Free market my ass.

edit to add the related news article:
http://news.yahoo.com/s/ap/20110507/ap_on_bi_ge/us_gas_prices

Gamblers are looking elsewhere these days.

GET WITH THE PROGRAM

I'd be smart enough to know how to manipulate the markets too. :sarcasm:

It took a while to see any relief after the peak in the summer of 2008.

When the price of production drops, the price of the goods take longer to drop.

http://www.oil-price.net/

So much for the 50 cents bullshit