Oil and gasoline futures have fallen from post-Katrina highs...

[halsaxby]

but retail gasoline prices haven't. Immediately after the hurricane, the shills for the Oil Industry were all over the MSM declaring that the price runups at the pump were not gouging but were due to "market forces" driving up futures prices. Now how could this be? If "market forces" were truly at work, competition should have caused the price at the pump to follow the trend in the futures market. The answer is that there is no competition between the major oil companies. They are free to collude and fix prices without fear from their stooges in BushCo.

It's typical, modern, American capitalism: Competition is only allowed when it is to the benefit of the major corporations. Blue collar Americans are forced to compete with illegal aliens and third world economies for their jobs and wage increases. When Walmart comes to town, they use competition to destroy local competitors and then they jack the prices up. Oil companies enjoy competition when it comes to buying crude but never when it comes to selling their product. Me thinks it is high time for some serious anti-trust enforcement.

[MercutioATC]

1. Depends where you live.

Here in Cleveland, we're back to pre-Katrina pump prices.

[are_we_united_yet]

2. Great

I can't wait till the Administration gets it to a reasonable price (under $3 a gallon) :eyes:

But seriously, perhaps this is poetic justice for the SUV gas guzzling hatriots who support this disastrous administration.

[applegrove]

3. I wonder. How many states were forced to drop the gasoline tax

that Big Oil hates so much? Just curious.