How can the oil companies keep raising the gas prices and the Government can stop them?
First of all, I’m not sure you understand the difference between “price fixing” and “making a profit”. Price fixing is an agreement between competitors to set the price of a commodity at an artificially high level. There’s NO evidence whatsoever that this is what is taking place with gas prices at the pump. Gas prices are largely affected by the price per barrel of crude – which is fixed by the markets on an international level and NOT by the gas companies. If you want to place blame on the high gas prices, look no further than the fact that NO NEW REFINERIES have been built in the last 20 years, thanks largely to the liberal tree-hugging conservationist environmental wackos, who have rammed environmental legislation down the throats of Americans, and which has resulted in the cost, location and actual building of a new refinery being so high it’s prohibitive. Meanwhile, gas demand has skyrocketed in the last two decades. Refineries are operating at peak capacity. Add into the mix that
