Oil Price Conspiracy Theory...

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I don't know if it's just me, but for the past several months, I think I am seeing a very interesting trend in the crude oil price and the gas pump price.

Take a look at this AP graph of the recent trend in the crude oil prices. Basically, it's been hitting record high for the past couple of weeks.

But what happened at the pump here in San Jose, CA? It's been going down!. Usually, the pump price would go up as soon as the "bad" news is up! What's going on here? Someone must be assuming the cost!

Well, if my "theory" holds up, my guess is that we may not see the pump price until November? :p

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This page contains a single entry by Hong published on August 10, 2004 12:18 PM.

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