Gas is supposed to drop 20 cents/litre by Monday night (tonight).
I'm a capitalist, but the situation with the oil companies in this country has nothing to do with capitalism. I think the first candidate who promises to regulate the oil companies will gain 20% in the polls.
There's a chance that a hurricane might graze an oil platform in the Gulf of Mexico and prices take off days in advance. Then, the storm does relatively little damage... but the price doesn't drop for days.
Gas cost $1.50 / litre when oil was going for $150/barrel. But now, oil is going for just over $90 a barrel... and we're still paying $1.40 / litre.
How much proof of gouging do the politicians need when every company marches in lockstep with their price moves, which are supposedly set by a competitive market?
This should be a huge issue in the election.
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