In the news today: gasoline in the Toronto area jumped by some 12.9 cents in one night as "oil refiners brace for a possible disruption by Hurricane Ike as it rampages through the Gulf of Mexico", according to the paper. Read that again. Prices rise because of a possible disruption.
Tell me again why price-fixing is illegal in every industry save for petroleum.
Tell me why oil company executives and the politicians who are kneeling in front of their open trousers aren't in jail.
Tell me why the gasoline that's already in tanks in the ground at the service station, purchased at the going rate when it was pumped in there, suddenly rises by almost 13 cents per litre because the oil companies might have a disruption.
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