Letter of the Day (June 24): Oil prices

  • Updated: June 23, 2012 - 5:27 PM

Congresswoman Michelle Bachmann blamed President Obama for the high price of gasoline Tuesday, April 10, 2012 at the Fast Break Gas Station in Lino Lakes as she pumped gas for a few customers using the customers credit cards.

Photo: Glen Stubbe, Star Tribune

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Wow! I just looked in the Business section and saw that oil has dropped another $3.25. If I remember right, when oil hit $150 a barrel, gas prices rose to $4 a gallon here in the Twin Cities. Of course, we all have heard that oil prices had skyrocketed because of speculators and not because of price-gouging. Now that oil is half of what it was, I'm sure that we will be seeing $2-a-gallon gas real soon. This is very exciting news, because fuel prices affect pretty much everything you buy, and now product prices should be going down. We should all be able to stretch our dollar farther, and of course that means more jobs. But it's just speculation on my part that it isn't price-gouging.


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