All This Money For Crude Is Downright Rude

What are you paying for a gallon of gas today? Around the Detroit area, I've seen $3.41 a gallon. Today, we would do anything to pay $2 a gallon. When the price reaches $4 a gallon we are going to be happy to pay that $3.41 I saw today.

In yet another article (http://www.cnbc.com/id/24019177) about the rising cost of crude, I ask the same question, why? Why does the price of gas just rise? I'm sorry to say the only reason I can think of is that the oil companies just want to make a bunch more money. And why do they want to make more money? Because they can.

The article states that the reason for this latest price hike is that a government report stated that U.S. inventories showed a sharp drop before the summer driving season. Perhaps the reason for the sharp drop in inventories is because we didn't have much of an inventory in the first place. And if our inventory is low, can't we order more at the same price that we paid last time.

I know when I'm out of milk, I won't always see a price increase because the store where I buy my milk always has it. Milk is available at many different markets and stores. I assume the inventory of milk goes down. And when it does the person in charge orders more. This is pretty simple marketing. Regardless, we just will accept the idea that our inventories are down on crude. Do they not understand how much crude we use per day? Maybe we can get the person that orders the milk to start ordering the gas.

Or what about cars that run on milk?

If you have any comments on this article, I would love to hear what you have to say! Feel free to comment below.

Thanks for reading!

Dan Tenchall
Great Lakes Mortgage Funding

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