Wednesday, August 12, 2015

BP passes gas

Right smack dab during summer vacation season, folks all over the Midwest are about to face an increase in gasoline prices of 25 to 50 cents per gallon. And it's all because of one "unplanned" outage at a BP refinery in Indiana.

"Unplanned"? I don't believe that. Not for a second. Just weeks after a story about gas prices staying relatively low - at least by recent standards - there's a nicely timed outage. I think this outage was intentional to keep fuel prices high - especially since that refinery just underwent a major upgrade.

This price-gouging once again underscores the need to nationalize the oil industry - especially when dealing with foreign monopolistic corporations like BP.

(Source: http://www.nwitimes.com/business/local/gas-prices-to-rise-across-midwest/article_2737b425-f3a9-515f-a1a5-11956907707d.html)