Fuel Press: Gas Prices Skyrocketing
$1.89 is the average price per gallon in the Milwaukee area as of this week.
Did you know it was just $1.68, a week ago?
What gives? Oh yea... Geopolitical instability.
The powers that be (Exxon, OPEC, and the usual suspects) cite "Tension in the Middle East" as the cause gas prices jumped over 10% in one week.
That's a new one There is trouble there, really? I wonder what could be going on? Whatever it is, my wallet took a hit this week just when I thought i could fill 'er up with a 10 spot and be on my merry way.
Well, the holidays are over and with it the season of charity and good cheer.
This Middle East thing strikes me as an excuse as many political analyst actually saw it coming for a few reasons:
A. It was inevitable
B. It was inevitable
C. The American presidential post and it's power are in flux. Many people predicted this behavior and certainly could have hedged fuel production accordingly. However, that would have been a responsible thing to do hence bucking the system of record corporate greed and political stalemate that worked so well for us in 2008.
See you in the bike lanes come winter thaw.