Siphoning our savings
The price of crude oil is now down a whopping 24 percent from its recent all-time high, having fallen from roughly $147 to $111 a barrel.
Gasoline, meanwhile – using the Strewart’s Shop closest to my house as a barometer – has fallen a mere 4.7 percent, from $4.19 to $3.99 a gallon.
Given the 24 percent drop in the price of oil, that Stewart’s Shop should be charging $3.18 for a gallon of gas. Any station charging more than that – and let’s face it, every station is charging more than that – should be investigated, and punished, by the state Attorney General’s Office for gouging.
Labels: Pumped-up prices
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