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"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt


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Monday, August 15, 2005

Gas Pain

Thanks, George.
Retail gas prices hit another record high over the past three weeks, mirroring a rapid increase in the cost of crude oil, according to a nationwide survey released Sunday. The average price for all three grades rose nearly 20 cents to $2.53 in the three weeks ending Aug. 12, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country. The figures were not adjusted for inflation. In the same three-week period, crude oil price futures rose about $8.21. A barrel of oil produces about 42 gallons of gasoline, resulting in a price increase of 19.6 cents per gallon — nearly identical to the 19.8 cent rise in the price of gas at the pumps, Lundberg said.
Let the analogies begin...

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