It’s getting uglier by the minute out there.
With yet another rise in the price of crude (now cracking $75) it seems--finally--to be generating a little activity in Washington--activity of the kind that might arrest this death spiral we’re in. Feeling the point of a spear at their spines, Sens. Hastert and Frist are beginning inquiries with the FTC and the EPA; they are also (believe it or not) going after this little piggy and his (in Hastert’s words) unconscionable salary.
Workers are pawning the tools they use to earn money in order to fill their tanks.
Like mental illness, “the causes are overdetermined” regarding the reasons behind exploding prices. Lack of ethanol, federal mandates and just the change in seasons (and the different gasoline mixtures that accompany each).