Nearly a year later
Do you recall what I wrote nearly a year ago?
April 23, 2005: "Looks like we are in for petrol pricing of over $2.00/gallon for some time to come. A local station that has had mis-matched numbers for their signage now shows uniform new signs where the '2' looks pretty firmly ensconced. In the process the price went from $2.05/gallon for regular to $2.09/gallon. I wonder how much of that four cents goes to the cost of the new signs?"Just the other day I paid $2.85/gallon at the same station. There's gotta be a reason. Le'see here:
- "Chad has threatened to stop oil production next week if it does not immediately receive several months' worth of oil revenues" (BBC News).
- "Wading into oil politics for the first time, Iran's hard-line president said Wednesday that crude oil prices - now at record levels - still are below their true value" (Yahoo! News).
- "Crude oil prices have risen once more to levels above $71 a barrel - a rise of 25% so far in 2006, and a threefold gain over the past three years" (BBC News).
- Supply constraints in Iraq, Nigeria and the Gulf of Mexico are also pushing oil prices higher, and analysts are predicting more pain at the pump for motorists, who so far appear to be only lightly tapping the brakes on demand (USA Today).
- "In addition to soaring crude, growing demand and problems at refineries - including lingering effects from last season's hurricanes and a switch to less polluting gasoline - have contributed to rising prices at the pump" (CNN Money).
