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    October 21

    OIL

     

    Hey Fellow Bloggers!! I'm Back, so for the long Hiatus! Lets get back to ranting!

    U.S. needs to face pricing questions

    While I appreciate the $2.68 per gallon cost of gas, it doesn't make sense. A barrel of crude oil went over $85, yet our price per gallon dropped ("Prices for oil hit $86 mark," Oct. 16). It wasn't long ago that I paid $3.39 per gallon and the price for a barrel of oil was around $60 to $65. In 1999, we paid a $1 per gallon, and the nation went nuts buying gas-guzzling SUVs and trucks. The Organization of Petroleum Exporting Countries has been laughing ever since.

    Why hasn't the price at the pump risen to record levels? Refineries, so they say, are at maximum capacity. We, as a nation, still consume billions of gas per day. SUVs are outselling hybrids 20 to 1. Winter is soon to arrive, and we will be consuming huge amounts of home heating oil.

    Are we borrowing money from the countries that supply us with oil? Is that a good thing to keep gas prices down? There are a lot of questions that need answers.Hot

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