Why are gas prices rising when: the media reports demand for ALL products (oil based) are DOWN, Oil and gas inventories are high, yet in the past 60 days gasoline has gone up over 25 cents a gallon (US) about 20% While at the same time Oil has moved very little,
possibly down as much as 5% ??
Any one know why? Where are the billions of dollars going? Oil Companies? Whole sale prices (NYSE) bottomed at about $.99 a gallon and is about $1.27 now. This kind of energy cost increases will make any economic recovery almost impossible....
Do NOT turn this into a political debate !!