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    Repiglican Roast

    A spirited discussion of public policy and current issues

    Name:
    Location: The mouth of being

    I'm furious about my squandered nation.

    Sunday, August 03, 2008

    OIL DROP BRINGS NO RELIEF TO THE PUMP

    The two claim that owners of the US's 160,000 gas stations are not dropping retail gas prices in line with the drop in oil because they want to fatten their anemic margins.

    "Of course, motorists are getting hosed," says Weeden & Co.'s Charles Maxwell, who's known as the "dean" of energy analysts.

    "The dealers at the pump will often wait several days before passing along the drop in crude prices - and I don't blame them," Maxwell said. "If their competitors aren't going to drop the price, the dealer isn't."

    Pretty soon they won't have a country in which to sell their ice cap melting, green house gassing fossil fuel.

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