I have this theory. I think that every time there’s an event that can be even remotely connected to oil production, the producing companies raise the price to hair on fire levels, and then slowly drop it back to somewhere lower, but still more than it was before.
This makes people feel like they’re getting some relief even when they’re still getting screwed. Lately, the reason for the run on crude has been Iran’s desire to go fission, which may or may not end up in Israel becoming a glowing hole on the edge of the Mediterranean. At least that’s what they’re saying as to why gas prices have jumped by a good half buck the past two weeks.
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