posted on May, 24 2007 @ 08:37 AM
It looks like we have even more proof to the growing problem. Yesterday the House passed an anti-price gouging bill that would make price gouging at
the gas pump a federal crime.
The House yesterday passed a bill that would make price gouging by gas stations and oil companies a federal crime as prices at the pump surpassed a
1981 record reached at the height of the Iranian oil crisis. The White House, which has threatened to veto the bill, warned the legislation amounts to
price controls and would lead to gas shortages and lines like in the 1970s.
The still unknown variable in this whole equation is the upcoming hurricane season.
Meteorologist are predicting
this to be a very active season. If they are correct,
this could push gas prices up towards $4 a gallon on average. If it does, look for stories of people drilling holes in gas tanks to steal gas. People
are going to panic and it's going to hit the fan.
[edit on 24-5-2007 by dbates]