Libya and Gas Prices

So here we go again. More turmoil in the Middle East and higher gas prices. It's always funny to me how OPEC, oil companies, and the oil future's market will use any excuse to raise oil prices. As this article points out, there is no attack on the oil production in Libya, there's just a thought that it might be effected. I've got a good idea, why don't we wait until the oil production actually is effected until we start raising prices on oil and gas?!? Either that or I want a refund if it's not effected, on all the money I paid in since prices started going up with the Egypt thing-a-ma-bob. Which, by the way, wasn't a big enough producer of oil to have our gas prices go up during their crisis, but it didn't keep the industry from raising the prices anyway.

Bottom line is that gas prices will go up whenever they feel like they have a reasonable excuse, even if that means it's unreasonable, but seems reasonable to consumers, and consumers continue to buy gas at the same rate.