Monday, July 24, 2006

Today in history - - - July 24

1989 - The Exxon Corp. estimated that its cleanup of the Alaskan oil spill would cost $1.28 billion.

Understandably, they said they would have to raise their gas pump prices to cover the costs.

NOT understandably, Shell, Chevron and all the others ALSO raised their prices, even though they had NO costs at all. Is there better evidence that oil companies were gouging us even then?

1 comment:

  1. Anonymous11:52 am

    thats been the style since years ago. always gouging./ they ever suppressed any gas saving devices too by buying out the patents.


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