Well, the highest I paid around here was $4.079. The city where we actually live, the highest I saw was $3.999. It has dropped over the past week to $3.579. Some people are saying that it is due to the push for offshore drilling, but we won't see new offshore oil for many years, even if they start working on it right away. Correct me if I'm wrong here, Sandy.
Others are saying it's because Congress is talking about dipping into our oil reserves to help bring the price down. It's very obvious, that the price we are paying isn't based on the cost to produce, but on speculation of what the future holds. How sad!!!
Hubby told me that ExxonMobile announced their quarterly profits and they are huge!!! Highest profits any company has ever made in a quarter. I heard on the news that they aren't making the profits at the pumps. They must be making it selling oil to their own refineries or something. They are making it somewhere and bottomline, it's coming out of our pockets, you can bet on that!!!!
