GAS PRICES

The opportunists were out in full force this week as Democrats and Republican's began an old fashion version of finger pointing. If they were really sincere about what they were saying, they would have started a year earlier.

Now, just as the oil companies are close to completing there implementation to ethanol blended gasoline, President Bush announced he wants the EPA to consider waiving clean air rules, and go back to the refining system we had post Katrina. It’s going to be interesting to see if this actually hinders the refining process since many refiners are in the last stages of the ethanol conversion.

In addition, the President ordered a halt to adding oil to the Strategic Petroleum Reserves, but geopolitical turmoil in Iran is causing oil prices to remain high.