Apr 2, 2007
Gas prices have increased steadily since the elections were over. Obviously, the oil companies had dropped the price of gas so that it wouldn’t be an issue during the elections. Recent increases were so rapid, they have brought the cost of a gallon of gas back to its old highs in some cities.
With these price increases the oil companies are giving the usual excuses about problems in the Middle East, confrontation with Iran – just as other times they used other excuses.
Not one word is true. From 1999 to 2006, the price of oil has increased seven times, going from $10 per barrel of oil to more than $70 last summer.
The oil companies are increasing gas prices just in time for the high driving season of spring and summer. The oil companies and other big speculators are out to boost their profits by squeezing us as much as they can.