I saw the Chairman of the Energy Commission speaking on TV this afternoon. He was in Texas and had flown over the effected areas and was giving his spill on the situation. His remarks about gouging were that price per barrel on the stock market had only risen enough to change at pump pricing about $20-30. Some places are reporting $1-1.50 hike in 24hrs. He assured that the Strategic Reserves where being released and that an investigation was going to take place to repremand the gougers. I'd take that with a grain of salt. Anyhow I think I'm going to sit tight and bear with it. These prices can't last. The may not be short lived, but they will have to come down sooner or later. Funny though, I haven't heard not one word from the President about the crisis...
I looked up the trading prices on the NYMEX for regular unleaded fuel. It was selling for $2.61 a gal. That is up .14 from yesterday. Here is the link to keep up dated.
Gas trading