Are the oil companies holding down the price at the pump?

[Ilsa]

The price per barrel was over $55 today, but it's been awhile since I've seen a price hike. I realize they get bigger spreads as the price increases. Are they holding back raising the price hoping it will help Dim Son? Will it charge ahead on Nov 3, no matter who wins?

[medeak]

1. takes 6 months

to transport oil from middle east...but shorter from South America

[olddem43]

2. Yeah, but price increases travel at the speed of light.

[hippiechick]

3. Down ? Gas jumped 20c a gallon here yesterday ...

It's the highest it's been all year here in Indiana ...


:hippie:

[Ilsa]

5. Yikes! I guess that answers my question.

I hadn't seen a hike a few weeks.

[ixion]

4. oil companies report record profits

BP and Shell, among others.

I think the only thing they're holding back is their laughter at consumers who are continuing to pay for this.