Clarification/Follow-up by tomder55 on 04/20/06 2:31 pm:
Fred ;don't believe the braying of pols. like Chuck Shumer . Back when the price of crude was $ 37.5 /barrel ,the average price was $1.85 /gal at the pump . Today the cost per barrel has doubled in the world market but the price would be $3.70/gal if the price at the pump had proportially increased. How can it be arged then that they are taking excess profits ?

Clarification/Follow-up by Erewhon on 04/20/06 9:30 pm:

You son;t have to worry about gas prices. Bush says he knows about it and he is 'concerned,' and 'watching it.'

All is well. Whatever happened to his promise to release some reserves to maintain reasonable prices?

Do you recall him saying that?



As to excess profits, check out the oil companies reports and then see who's creaming.

Clarification/Follow-up by tomder55 on 04/21/06 1:59 pm:
Bush was wise to top off the reserve when the price/barrel was low ,but I am totally opposed to releasing oil from the strategic reserve for the purpose of price stabilization . That is not it's intended use. It is there to mitigate a supply disruption .