If you drive, you've probably been scratching your head over gas prices. Crude is trading below $40 a barrel, and yet the cost at the pumps has been escalating. What gives?
Well, last year, when we were seeing prices pushing $2/Liter, we were being told that "tough luck, look at the crude prices" - while being inundated with news conference after news conference where big oil players gloated about ever increasing record profits.
Now, we are being told that they were selling to us at a discount, and they're trying to recover their losses.
Uh huh. This smells like garbage because it is. You can't have it both ways, big oil. If you were making grandiose, record breaking profits last summer, it wasn't because you were making any effort to give the consumer a break. To twist your logic around and justify cranking up pump prices well above what a $40 barrel would ordinarily justify doesn't follow from what you were claiming last year.
Especially not when among the big players, the majority have divisions at all levels of the equation. Whether they are technically different companies or not is irrelevant. You can't tell me that the different divisions don't collaborate.
If you are going to whine and moan about how rough your life is now, then perhaps you shouldn't have been gloating over the profits last year, hmmm?
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