$3.09 a gallon, self-serve regular

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.

[tags]oil prices[/tags]

  • Cebollas Blancas

    Go Bob

    I would add some transition suggestions to that. Give the company to all the workers insisting on a participatory democratic structure, insisting that it become a public utilily service entity with a limit on profit, mandatory full coverage health care benefits, monthly payments to the pension fund, no overtime hours permitted except in emergencies, and a guarantee 6 weeks consecutive vacation time. And then see where they take it.

    Tommorrow is what you believe today!

  • Comandante Gringo

    Can’t seriously think about nationalization of these murdering oiligarchic gangsters without first dealing with the issue of a new social order which removes their power over us. And so the issue really becomes a question of Socialism.

  • A dear friend paid $3.23/gallon near Bakersfield last week.