Gas Prices up, Production Down: $5.19 for regular!

I suppose the gas price increases haven't had a negative effect on
people around Chicago yet. Everyone's still driving fast in big cars,
trucks, SUV's and gabbing away on the telephone. At the gas station
today, everyone was pumping the $3.40 @ gallon gas without looking
distressed at all. During the gas price spike of Katrina/Rita I remember
seeing one lady pounding on the trunk of her car while watching the
pump. The gas was about $3.18 then. Just goes to show you how
people get used to higher prices over time I suppose.

One of my former business partners now works at BP-Amoco. He says
the long-term strategy is to raise the price .15 cents and then reduce it
by .5 cents in specific intervals. This stair-step approach allows the
oil companies to make more profit by holding off a consumer and
Congressional revolt as long as possible. From the looks on everyone's
face today at the Speedway gas station, this "slow boiling" approach must
be working. -cwm

Originally posted by carewemust

One of my former business partners now works at BP-Amoco. He says
the long-term strategy is to raise the price .15 cents and then reduce it
by .5 cents in specific intervals. This stair-step approach allows the
oil companies to make more profit by holding off a consumer and
Congressional revolt as long as possible. From the looks on everyone's
face today at the Speedway gas station, this "slow boiling" approach must
be working. -cwm

Isn't this illegal, doesn't that show a blatante scheme, to dissadvantage consumers?. I don't know where this all heading, but the future don't look to bright.

I think we should start useing horse and buggy again!
Maybe that will send a message to the oil crooks.
Start useing trains again.