Just watched some of the Congressional hearing on the Big Oil Companies "Price Gouging". They make good scapegoats but if anyone thinks that an average of 8.3 cents per gallon of gas is "price gouging", they probably believe that Castro had Kennedy killed and several other myths. There are only two reasons why gasoline is so expensive, first because of supply and demand being minuplated in the market and especially by futures traders and SECOND BECAUSE AMERICANS (AND PEOPLE IN THE REST OF THE WORLD) ARE BUYING GAS IN RECORDS AMOUNTS in spite of the high prices!!!

By the way, according to the Execs, the oil company's profit margin is the lowest it has been in tweny years. Yet Congress wants to take away their tax breaks, etc. to "punish" them into lowering prices. All that will do is make sure they will do less to lower prices. Now think about that, IF THEY GAVE UP ALL OF THEIR PROFITS THE PRICE OF GAS WOULD GO DOWN BY 8 CENTS PER GALLON, hardly what I would call a fix to the problem.

They need incentives (not punishemnet) to FIND AND REFINE oil and they need to be allowed to drill for the oil when and were they find it. That is what will lower prices.

Just my opinion,

Grumpy