The Energy Department says it expects the price of regular to average $2.62 a gallon, 25 cents more than last summer, over the April-September driving period. But prices around the country already are above that.
Hello? Anyone in those empty suits? It's been higher than that for more than two weeks in Chicagoland!
Imagine returning from vacation only to have to fill up three vehicles that cost more than $140 to fill up. Now go higher.
The best part, however, is directly from the EIA Short-Term Outlook:
By September 2006, fuel prices are expected to be much lower than last year because of the crude oil and natural gas production and refinery outages caused by Hurricanes Katrina and Rita in 2005. With another active hurricane season possible this year, news of any developing hurricanes and tropical storms with a potential to cause significant new outages could add to volatility in near-term prices in the latter part of the summer.
I say again... Hello? I think we call it a hurricane season down there... which NOAA forecast last year to be more volatile in the coming years, and likely more like last year's multiple hit parade.
We are so screwed as long as these incompetent boobs are working in government.
If only there were some body of politicians who represented the various regions of the country... let's call it a Congress!
1 comment:
I was just thinkin that today when I saw $2.89 for reg and$3.08 for premium. Not to mention that it has nothing to do with supplies but rather poor planning. It's quite the racket they got going on.
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