In the recent past, the oil companies have used any excuse to raise prices at the pump overnight. Anything and everything from a hurricane in the Gulf, to 'unrest' in the Mid East. These non-existent disasters caused prices to raise immediately, even though gas at the pump has been priced at least six months before it gets to the station.
Never mind that con job, I'm all for any business, or person, making as much money as they can. Just don't piss on my shoes and tell me it's raining. Don't pretend the oil companies don't get together, collude, and price fix. That is exactly what they're doing in the wake of the oil rig explosion.
The strange thing is that they are colluding to keep the gas prices from going up, not down.
Yes, they have a public relations nightmare staining the Gulf, so they have conspired to not piss off the public any more than they already have. They realize that they screwed up and price gouging right now could possibly cost them billions from future off-shore drilling.
There has been an over supply of oil for several months now, yet the prices have not fallen as the old supply and demand tenet says they should. This, supposedly, is due to investors buying up oil futures instead of real estate. Well, Big Oil, why are pump prices finally going down at the same time as the largest oil disaster in history?