Wall Street Speculators & Oil Companies Screw Minnesota on Gas Prices

RED LINE  = Crude Oil Prices

BLUE LINE = Gas Prices in Minnesota

PURPLE LINE - added by me to show trend

(focus your attention to where the blue line trends above the purple line)



Wall Street Speculators & Oil Companies Screw Minnesota on Gas Prices



Trend is

Minnesota gas prices over the past FIVE YEARS show that

    

   The price at the pump over the most current six months 

        is almost exactly the same 

        as the price at the pump
        during the period of May to September of 2008

                         

  During the period of May to September 2008

      oil peaked at $134 a barrel

    

  WE are paying the same price at the pump today

      that we were paying during the period of May to September 2008

        BUT NOW oil has been less than $90 a barrel 

        for five of the last six months.

         

Barrell of oil is $134 - Minnesotans pay about $3.25 per gallon

Barrel of oil is less than $90 - Minnesotan STILL pay about $3.25 per gallon

BTW:  Gas around my house has been fluctuating between $3.45 and $3.57 for the past month - I don't know where GasBuddy (source of the graph) is getting a price around $3.23 for Minnesota).

UPDATE - 6 hours later:

NEW YORK (CNNMoney) -- Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.

LONDON—Royal Dutch Shell PLC Thursday said net profit for the third quarter more than doubled, driven by strong oil and rising natural gas prices and as major projects ramp up production.

Net profit for the quarter totaled $6.98 billion, more than double the $3.46 billion posted a year ago. Group revenue was $123.41 billion, compared with $90.71 billion in the third quarter of 2010.

Oil companies and speculators get richer
The 99% get SCREWED!

#Occupy