I predict that this well timed incident by BP will have gas prices at or near $3.25USD by the end of today in the Cincinnati area (currently gas is around $2.98USD). I further predict that big oil’s goal is to have the price at the pump flirting with $4USD just in time for the Labor Day/end of summer driving push — just as they manipulated prices up to the current $3USD range last year in this same period.
Clearly an industry that is in need of regulation (and also clearly not something that will happen with the current administration).