unbelievable

Gas prices yesterday, in the northeast, were over $4.25 per gallon for regular (and about $0.10 more for each grade going up in octane). It's pretty unbelievable that gas has gotten so expensive. I wonder a few things about it:

Is this a simple supply demand thing where the troubles in the middle east and northern Africa have caused the supply to tighten up against an increasing demand?

Is this the OPEC cartel (and any other cartels that are in cahoots) turning down the spigots to create the higher price?

Is this a political manipulation by the powers that be to do something (proactively push people to use less gas?)?

Whatever the reason (probably some combination of the above), it is absurd that the price of a product could go up exponentially so fast and without anyone explaining, taking credit/blame or offering some kind of solution.

I hope that our leaders understand the strain this sudden and very impactful upsurge in price puts on everyone, especially those who use their cars and trucks to do their jobs. I hope that they also understand and want to stay the ripple effect that comes from high fuel costs (higher grocery costs, higher product costs).

I hope that the dialogue that is coming from our leaders is focused and has real power behind it (not just words but actions) so that something gets started and done to reduce the price.

I hope that the oil and gas companies do not start announcing record high profit levels and that the only reason the prices are higher is that these oil and gas companies raised the price together to see how much they could make.

Meanwhile, I will look at being more economical in my driving, making one trip and combining a lot into that trip. I hope that you are able to continue in your work and support of your family and that this current price gouge does not affect you significantly.

Have a good one. KipK