I just don't buy it. Friday morning gasoline at my local station was $3.68/gallon. By the end of the day it was up to $4.04. This is one of the cheaper places around. I saw it as high as $4.19 without looking too hard. How in the world can this jump of $.36 over less than twelve hours be justified?
The excuse being thrown out is Hurricane Ike. I'm sorry, but if our fuel situation is such that a potential disruption creates and 11% jump in price, that's a rather sad place to be. Of course, this is a potential negative. Yet, if a potential positive comes along, you won't see a return to the lower price and an 11% dip on top of that.
Isn't it ironic that gas has raised so much once an Oil Man took office?