“In 2008...what was the price of oil compared to the price of gas?
July 2008 crude oil was $137.11 and gas prices were about this high. http://dow-futures.net/historical-crude-oil-prices-history-2008/
So oil is now just a little over $100...and gas prices are this high?
Where’s all the screaming and yelling today about the speculators or are we just supposed to wave our hands and call it inflation? Where is all this profit taking and looting going?”
That was pre- QE 27.
I remember how we were all supposed to harangue our lawmakers over the July 4th weekend in 2008 and the media dutifully reported us doing so. POS propagandists have no soul.