The price we pay for a gallon of fuel, like a lot of other things we have to have, has very little to do with supply/demand/production costs. Production and distribution costs set a floor price for oil that is then padded by traders at the NYMEX, the New York Mercantile Exchange. The consuming public has been sold a bill of goods.
The price we pay for fuel, corn, wheat, soybeans,heating oil and a crapload of other stuff is not set by the producer or the distributor or the CEO of Shell Oil but by a bunch of greedy traders in a building in Manhattan called the New York Mercantile Exchange.
The old story about supply and demand setting the market price is BS. If you notice the price of everything you have to have (fuel, food) will always go up over time. The price of TV's, cameras, computors and just about everything in Wal-Mart that is not a necessity will go down over time.
If every American knew how we are railroaded everyday by Wall Street there would be a revolution in this country.
It is cool here today, I am going to try and start a fire with my new box of Chinese Kitchen Matches that will not light, Oh wait a minute that is a little off subject...Time for another rant??
Rick
