When crude oil was selling for $100 a barrel, it was easy for the oil companies to justify prices of $4 a gallon [“100M for holiday treks,” News, Dec. 23].
They blamed tensions in the Middle East, frigid temperatures, seasonal maintenance on equipment and low inventory on hand. Now that oil is selling for around $36 a barrel, why are the prices stuck at more than half of $4? Prices should have been below $2 for weeks now!
Also, how come the prices of airline tickets have not come down? Why aren’t we seeing fuel-adjustment reductions? The airlines had no qualms about making surcharges when fuel prices were much higher.
Rich Weeks, Middle Island