From the ‘No Duh!’ department
Do we really need a AAA survery and a newspaper story to tell us that gasoline prices are higher than a giraffe’s ass?
The weekly AAA Texas gas price survey released Friday finds the average price of regular unleaded self-serve vitually unchanged at almost $2.13 per gallon. That’s about a nickel short of the record price and up about 31 cents from last year.
But the auto club says this week’s terrorist bombing in London and possible Gulf Coast refinery disruptions from the approach of Hurricane Dennis could drive up prices.
AAA Texas spokeswoman Carol Thorp says oil industry analysts don’t yet know what effect those events will have on refinery production — if any. However, she said prices could drop if security concerns cause travelers to scrap late-summer vacation plans.
Did you get that? “[I]ndustry analysts don’t yet know what effect those events will have on refinery production — if any.”
A survey and a news story in the paper and the upshot is that they dont have a clue.