An open letter to the oil companies…
I am writing to discover if the same thing that happens in my neighberhood happens in yours.
When the price of a barrel of oil shot up past $100 due to the violence in Libya, the price for a gallon of gasoline at my local gas station increased fourteen cents in a day even though the gas in their storage tanks had already been paid for at the price before oil hit a C-note per barrel.
Conversely, when the price for a barrel of oil dropped to below one hundred dollars due to the drop in global demand because of the tragedy in Japan, can you please explain why the price for a gallon of gasoline at my local station increased by four cents in one day.
Thanks in advance for your answer.
Your humble servant,
(no, really…I’m only a servant to the great oil companies)