It’s The Speculators, I Tell You!

Today I fueled up both cars at once. Yikes! $107.28 and they weren’t even really empty! To add insult to injury, I got the gasoline for 30 cents off the posted price per gallon. It should have been nine dollars more.

How did I get it 30 cents off? I had 300 fuel points at Kroger grocery stores and they give you 10 cents off per $100 at their gas stations. What a deal! But I was surprised because the last time I took both cars and filled them up at once it cost about $60.00.

All of which brings home (again) that gasoline prices have doubled during the Obama Administration. Of course now we are told by the Main Stream Media that the president can do NOTHING about the price of gas.

Well, I guess they’re right about THIS president.

But when George W. Bush was president and gasoline spiked to just a little more than it is right now, it was all his fault, according to the media and even Barack Obama, who was running for president at the time.

Of course it is true that the president doesn’t have COMPLETE control over the price of gasoline or any commodity, which is the way it should be in a Free Market (if only we could go back to those days!). The market is global and is very complex.

The president scoffs at those who say he should “drill, drill, drill” (see “Duh! Duh! Duh!”), saying there is no “silver bullet” concerning the price of gas. However, at every turn the president has done the opposite of what he should have to increase supply and moderate prices at the pump. In fact, I have said the the president’s superhero name should be “Opposite Man”.

Today I also saw a little of “Bulls and Bears” on Fox News and heard a former Finance Director for the Democratic National Committee insist that regulations such as those imposed by the EPA, Dept. of Energy, OSHA, etc., etc., (ad nauseum amen) have NO effect on fuel prices, it has to be those evil speculators.

To this DNC has-been Finance Director, I’d like to recommend a movie from the 80’s called “Trading Places”. He could actually learn a LOT about commodities markets from that movie.

But at the same time that the president and the MSM are telling us there is NOTHING he can do to influence the price of gas, Senator Chuck Schumer of New York is pleading with the Saudi Arabians to increase their production so the market will force the price of gasoline down. It works if they do it but not if we do it (see “I’m So Confused”).

No, it’s the speculators, I tell you! The speculators; they’re the problem!