Gasoline prices surge even though crude oil falls

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  • What would Obamacon do here?
    Sept. 15, 2008 5:38 p.m.

    In 1911, the Supreme Court of the United States found Standard Oil Company of New Jersey in violation of the Sherman Antitrust Act and held that Standard Oil, which by then still had a 64% market share, originated in illegal monopoly practices and ordered it to be broken up into 34 new companies. These included, among many others, Continental Oil, which became Conoco, now part of ConocoPhillips; Standard of Indiana, which became Amoco, now part of BP; Standard of California, which became Chevron; Standard of New Jersey, which became Esso (and later, Exxon), now part of ExxonMobil; Standard of New York, which became Mobil, now part of ExxonMobil, and Standard of Ohio, which became Sohio, now part of BP. Rockefeller, who had rarely sold shares, owned substantial stakes in all of them.The rise of the Standard Oil men to great wealth was not from poverty. It was not meteor-like, but accomplished over a quarter of a century by courageous venturing in a field so risky that most large capitalists avoided it, by arduous labors, and by more sagacious and farsighted planning than had been applied to any other American industry.

  • joe weiss
    Sept. 15, 2008 5:19 p.m.

    All this is a bunch of garbage,senators and congressmen had better wake up along with the lame-duck president,we are sick in tired of this,we should be drilling for oil in our states and not buy any oil from other countries,irag made a 79 billion dollar profit on oil and pay only 50 cents or less per gallon and we have spent billions of dollars fighting for them and our servicemen are still being killed,besides gas and foods that are up in price the us senators and congressmen are making top dollars,they never take a pay cut,no more freebies for any,when the war is over guess who is gong to pay to build up those countries,you are 100 per cent right,we are......wake up in washington,before its to late.

  • non-cosumable
    Sept. 15, 2008 3:54 p.m.

    The United States needs to bring manufacturing, refining, and jobs back to the USA. We need to come up with new investment solutions to support "Made in the USA". We cant become economic prisoners of big corporations and foreign investors from over seas.

  • gacd
    Sept. 15, 2008 3:16 p.m.

    TALK TO CONGRESS.... seems they are enjoying this. Doesn't hurt them because we pay their fuel bill. Let them pay their own for awhile and they will not say anything about drilling ever again.
    They need to get the companies for price gouging and the people need to remember this when they go to vote on congress...seems as if the ones that are elected now have forgotten why they were elected...so maybe none need to be re-elected...then they will have to pay their own gas..

  • Observer
    Sept. 15, 2008 3:03 p.m.

    Republican big oil economics. Raise gas prices when oil prices rise. Raise gas prices when oil prices decline. Must be that trickle down thing.

  • Dan
    Sept. 15, 2008 11:20 a.m.

    We can really use some relief and since the gov't is unwilling to do anything, what is left to do... Ride a bike, carpool, public trans., anything but pay these ridiculous prices. At the current price of oil, we should be paying just under $3.00 but we are over $4.00, @ $4.26 in NW indiana. The country needs to rise up against this oppresion from the oil companies and let them know, WE WILL NOT STAND FOR THIS ANY LONGER!!!! God bless the USA.

  • Raul
    Sept. 15, 2008 8:45 a.m.

    Even thought oil prices have droped below $95.00 dollars a barrel, Gas companies are having a very hard time letting the $4.00 dollars a gallon go.They have gotten so used to that huge profit that they will find any excuse to keep it close to $4.00 a gallon.I have been driving for 50 years, and this is the first time i have ever heard of gas prices going up because of rain. And as long as it continues to generate billions of dollars in taxes, our goverment will continue to look the other way.