when Big Oil said their drop in gasoline prices had nothing to do with the election. It seems that NPR’s Marketplace didn’t buy their story.
Gas-price conspiracy? You bet!
[I]n the run-up to the election, oil companies cut gasoline prices 500 percent more than their raw material cost fell.
He uses data from the Department of Energy to draw this conclusion:
Oil companies simply took less profit from their refineries for a short period of time. Could it have been to influence a political outcome?
Well, right after election day, the price of gas suddenly rose after two months of sharp decline. Post-election, refineries have slowed down, inventories are shrinking, and gas prices are climbing.
HELLO!?! New Congress? Can you do something about this?
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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I knew this was going to happen for months….gas in CA is now $2.65 for regular and over $3 for diesel…
Can we say the ‘raping’ of Americans?