As the .1% use their HFT supercomputers and Bernanke’s $85 billion per month of free cash to drive the stock market to new highs and add to their trillions of criminally acquired wealth, the peasants have to bend over AGAIN and get it up the ass. The price of oil blasted through $105 per barrel this morning reaching a 14 month high. How can we have a 14 month high when U.S. consumption is at a 10 year low and the miracle of Bakken oil is about to make us energy independent? This development certainly doesn’t fit the government/MSM storyline. How inconvenient. The price of oil was $87 per barrel in April. For the math challenged, that is a 20% increase in less than three months.
The national average for a gallon of gasoline has begun to rise over the last few days. It is already 4% higher than last year at this time. The national average is $3.52 per gallon. The last time oil was $105 per barrel, gasoline was $3.90 per gallon. That is now the bogey we are on course for by September. We are in the midst of the highest travel time of the year. I wonder what will happen to the price if Egypt, Syria, or Iran erupts into a wider conflagration? I wonder what will happen to the price if a major hurricane or two enters the Gulf of Mexico and damages some Gulf Coast refineries?
The .1% are completely unaffected by the increase in gas prices. Actually, they have probably reaped billions in profits from the rise. The average American household will pay an extra $50 per month to fill up their SUV. They were already paying $100 per month more in payroll taxes. Every municipality in the country has raised real estate taxes, sewer fees, etc. The rise in diesel costs have been and will result in food prices increasing.
Your owners will continue to bend you over until you do something about it. Or, you can believe that energy independence is just around the corner.