By Craig Andresen on February 22, 2012 at 8:53 am
It’s going up.
There are many reasons for this.
Circumstances in the Middle East, Iran embargoing oil to Europe and England have oil speculators…speculating and whenever they do THAT…The price of a barrel goes UP. The prospect of war between Israel and Iran is also fueling higher oil prices.
The price ALWAYS goes up in the summer month because of the differing blends mandated by the EPA. Those blends can also vary from state to state but in FEBRUARY??? Gas prices have NEVER been this high in FEBRUARY which means, by the time it’s time for the summer blends, the price will go even HIGHER.
Of course, as the price of gas climbs, so too will the prices of everything else.
Socks? Price is gonna go up. Food? Up, up, up. Auto parts? Yep…Up. You name it and the price is going to rise because of gas prices. Everything you buy has to get from where it’s made to where you buy it and if the cost of transporting your Chinese manufactured socks is going up, so is the price of the socks.
There is a great deal of focus, right now, on the nixed Keystone XL Pipeline.
Liberal/socialists are tripping all over themselves pointing out how allowing the pipeline would NOT bring down the cost of gas TODAY.
Maybe not but you can’t discount those oil speculators either. If they were to see a pipeline being okayed or holes being drilled into American soil or American waters, they would be dropping the price of a barrel of oil.
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