Friday, April 11, 2008

On gas prices...

There is an abandoned gas station that I see almost daily on my way back home. It was just the other day I decided to take a quick stop from the helpless careening to take pictures of what life must have been once (once when gas was $1.43 a gallon). The wistful nature of that remark might make one think that I was harkening back by many years when such prices must have been the norm. The dilapidated nature of this run down station might have bolstered thoughts thereof. It is indeed sad when one realizes that just in 2002 the prices were barely over a dollar a gallon. I had a funny feeling that the people in the cars that were rushing to their homes down route 9 did not seem to care or felt too helpless to even ponder.

In related news, the Energy Department yesterday announced that we need to brace ourselves for average gas prices to hit $3.60 in June. Another piece of news today informed us that according to a securities filing, Exxon Mobil Corp. Chairman CEO Rex Tillerson received a $16.7 million compensation package for 2007. Exxon Mobil is the largest U.S. Company with a market value of $479 billion as of yesterday's share prices.

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