ATLANTA (CNN) – Gasoline prices are back on the rise, reversing a two-month decline, according to a survey released Sunday.
The average of price of a gallon of self-serve regular jumped eight cents to $2.21 a gallon — just 7 cents below the all-time high that was set on April 8, the Lundberg Survey found.
Publisher Trilby Lundberg said the biggest reason was the rising price of crude oil, which set an all-time high on Friday — the same day gasoline prices were surveyed at about 7,000 stations nationwide.
Light sweet crude oil for August delivery closed at $59.84 a barrel Friday on the New York Mercantile Exchange — the highest price for a nearby futures contract in the 22 years oil has been traded at the exchange.
I don’t get it, and maybe I’m just slow… It’s possible…
Gas prices are “back on the rise” reversing a “two-month” decline.
Did you catch that, also?
Well, here’s something to ponder… When did the news media report the decline?
Based on what’s been reported over the past year, gas should cost about a million dollars a gallon. You never see the reports of gas going down, and only reports when they go up. I doubt anyone even knew that gas prices had been going down in the past two months. Do you remember ever catching a report in the last two months about a price decline?
Now ponder this. Who gets rich when gas prices go up (or at least who is perceived to get rich)?
Right. The oil industry.
And who are the poster children for the oil industry? Well, if you ask the MSM, it’s Bush and Cheney.
So why else would it be nearly impossible to find a report on gas prices dropping?
