My roommate came home with some great news on Friday.
"Gas prices are gonna go down!" he said.
Oh really? Why's that?
"Obama just signed that Keystone Pipeline thing."
"That means gas prices are gonna start goin' down! Just watch!"
All the oil that runs through that pipeline -- if it gets built in three to five years -- is heading for China. We'll benefit from the 180,000 jobs to build it, and the oil's supposed to be refined in Texas, but it's all meant for China. That's why the Canadians were talking about routing the pipeline over the Rockies to Vancouver, B.C., if Obama decided to veto the pipeline -- it's all meant to be exported to China.
"Oh. OK. But gas prices are gonna go down, just watch!"
How are gas prices gonna go down?
"Obama's gonna take care of it!"
How? Oil's an internationally traded commodity. You can't control the price. It's all based on supply and demand and speculation. Obama can't control it, nobody can. And how's Obama gonna control it when Exxon/Mobil's making $10 billion every three months? You have CNN on the TV 24/7, don't you remember ANYTHING they say?
"Obama's gonna take care of it, you'll see."
Saturday morning our price for a gallon of Regular went up another 6 cents, to $4.15. I hope my roommate sees that price sign and chokes.
Our price is now 16 cents higher per gallon than our competition across the street. And people are getting cranky. I've been yelled at twice in the last week just because folks had to come inside the station to get a receipt for their gas. Such inconvenience! How dare we!
And how are things in your little world? Not as expensive, I hope....