Gas prices

How ’bout those gas prices? Temporally coincidental to the upcoming elections?

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[...] Well this is hilarious. Discontents showed up CNN Money today, and we have local blogger VCHighlands to thank for the scandalous post about a possible gas price conspiracy. The minx is not so conspiracy minded, but, hey, we’ll take the free TV coverage. They must have been scraping the bottom of barrel to use our little old blog for the story. You can see it here. They actually quoted the comment by Jack Wood. [...]


Comments

Temporally coincidental to the upcoming elections.

Those republicans need all the help they can get and big oil is doing the best they can to assist.

Soon as the election is over gasoline will start back up, count on it.

If you would like a little more info on why here is a good post about how the White House installed a former CEO of Goldman Sachs Henry M. Paulson, Jr. as the secretary of Treasury and not even a month later Goldman Sachs dumps $6 billion in gasoline futures on the market.

It is also interesting how the markets are all situated perfectly right now. The Dow daily making new 6 years highs — crude oil down — dollar up — gold down. Congress even ordered Medicare and Medicaid not to make any payments for the last 9 days of the government’s fiscal year that ended in September in order to make the deficit appear smaller.

Of course in the first week of October the deficit increased by $48 billion.

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