Among the tales of pump-price pain that the media is throwing out there lately, I just couldn't let this one go without comment.
Today I read that an ExxonMobil
Pollack's $1,500 experiment had a few supporters, like one woman who drove 10 miles out of her way to buy something from the convenience store as a way of saying thank you. I was almost empathizing with this woman for a second. Until, that is, I read that she commutes 100 miles round-trip on a daily basis in an SUV.
No, this article did not appear in a certain leading satirical newspaper. The story reflects a very real disconnect between consumer behavior and expectations. I have no interest in getting preachy here, but high prices today are to a great degree a consequence of choices made by the public, not a few oilmen sitting in a smoky room in Houston. Boycotts may shift purchases by a day, but they aren't going to change anything. Your long-term driving behavior, however, has an impact.
Yes, refiners like Valero
It's hard to square the difference in public opinion toward health care and energy in this country. When anyone floats the idea of universal health care, the inevitable outcry is "socialized medicine!" For some reason, it seems that people are much more receptive to the idea of having the government do something to provide universal cheap gas. I gently suggest you be careful what you wish for.