Ok, I recognize this is a wine-related blog, but give me a minute to get this out of my system.
Oil prices went up roughly ten percent Monday-Tuesday of this week. Every gas station raised their prices more then ten percent by end of the day Tuesday.
Yet CNN reports: "The nation's stockpiles of crude are at their highest levels since 1990, while demand for oil is down nearly 11% to its lowest level since 1999."
Does this make sense to anyone? Its should because this constant price changes allow gasoline suppliers to make alot of money when they can raise the price of on-hand product they paid alot less for. What really galls me is they all do it at once, which shows there has to be some form of communication between the gasoline companies, thats not right!
OK, I am done now, thanks!
More wine news in the near future...