I was driving home from the airport this evening when I spied this fuel price. It is the lowest I have seen around here. I was tempted to say that gas was getting cheap, but the reality is that it is only less expensive that this summer.

The reason for this oil price insanity is twofold. First, there is no competition in the oil industry. The US government should be ashamed for letting all the mergers of the late 90s go through. As far as I am concerned those bums (the regulators) have screwed us royally. I hasten to note that this all happened during the Clinton administration, so saying that is was Bush's fault holds no water. Clinton and his patsies did this to us.

Second, speculators really drove up the price. It was just like the dot com irrational exuberance in the late 90s which led to the Clinton recession of 2000. People always buy stuff when it is going up at an insane rate. I hope a lot of those SOBs got burned big time. The oil companies certinly profited big time from the insanity. I have some Exxon Mobil stock. They made sh*tloads of money, but there was nothing in it for me, the stockholder. The dividend is still paltry.