Gas vs Economy

sharonwatkins's picture
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Ok so I am not an expert but from my recent experience in gas pricing would now be called gas gouging... Anyone in the South east right now can tell you that the gas prices right now are completely crap! I am going to be talking about my experience & would love to hear about yours. I know in the last month the gas prices have gone from almost 5 dollars a gallon down to almost 2.50 a gallon. What is going on with that? Why and how can they possibly do this? Yes the stock market is dropping and the gas prices are dropping are they related? When the stock market start going back up are the prices of gas a gallon going to rise extremely? What gives the people that price the gas the right to raise it or drop it as they wish when we are going through a hard time? When we were in the middle of the last hurricane season what made the gas prices go up to 5 dollars a gallon when we were on the brink or devastation? There was no devastation in the gulf like they supposedly expected! The oil tycoons just raised the price in order to pray on the people in the Southeast who thought they were going to be out of gas and HAD to buy it right that minute! I know from midnight one night to 7 am the next morning gas had gone from 3.54 a gallon to 4.89 a gallon. What made these people think that doing this was a good idea? I believe now that when they raised the gas prices they also caused the economy to crash. People had to withdrawal money from stocks bonds and savings accounts in order to survive. People had to default on loans to feed their family. People had to stop all extra curricular activities which possibly drove local economy up in order to keep money in their pockets to take care of the bills they absolutely needed to pay to survive. You tell me what you think? I think the gas gouging oil tycoons have caused our recession... They could have prevented this by helping out those in crisis during the previous hurricane season. If they would have kept prices the same or even lowered them our economy might not be where it is today... banks crashing, stock market crashing, people living day to day wondering where their next meal might come from like me and wondering if they are going to be able to educate their kids the next let alone themselves. I really do see a connection between the oil tycoons (who can stand to lose a few dollars), or economy recession & the peoples loss in the US all in one big lump sum! Tell me what you think please?

We can not blame "oil tycoons" entirely on our economic problems. We should have started investing more aggressively into alternatives and more fuel efficient modes of transportation 4 decades ago.If anyone has been to Europe we can understand that they had the same situation a long time before we did. Their prices for petro is about 5 euros a liter. What i don't understand is why we didn't learn from their example.

But the "oil tycoons" are not making this situation any better when oil companies are making triple in profits and their CEOs are pocketing 55 million dallors a year.
i think people forget humanity when green paper fiat gets in the way.

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