10/06/2006

Simple bias, incompetence, or just plain left wing partisanship? Something must explain the "reporting" of oil prices over the past few days. Oil is DOWN or flat. Period. What the hell is with everybody? Currently it is well below $60 ($58.84) and fluctuations of a dollar or two mean nothing. The only surprise is that crude didn't go up about $5 as a result of the intention of OPEC to reduce output.

Local retail: the low around here is $2.51 the high that I've seen is $2.87 with most stations still selling gasoline at $2.61 to $2.69. Explain that to me. All of them get their crude from the same place, all must refine to the same local requirements, but a spread of more than twenty cents from high to low?

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