That’s the price at a nearby gas station here in L.A as of last night. It was 2.97 on Thursday. That’s a 12 cent rise in two days.
In a Bloomberg News survey of oil experts, 23 of 42 analysts, traders and brokers polled – or 55 percent – said prices will increase even more next week.
Here’s a cure for the price-gouging. Nationalize the oil companies, charge only enough to break even and for a prudent reserve – and take back the 400 million the greedy pig at ExxonMobil paid himself to retire, using it to fund biodiesel and hybrid research instead.