BP Investigates for Gas price fixing

I guess this goes into the category of “score one of the little guys”.

BP, already under investigation for potentially having manipulated the market price for propane is now under investigation for the same sort of thing in the gasoline business. The Commodities Futures Trading Commission is looking into alligations that BP atttempted to manipulate the market in order to create larger profits on crude oil and/or finished petrolium products.

You know, gas is freaking expensive now. Oil is freaking expensive now. The oil companies are making pretty sizable profits, and the oil reserves they are sitting on have inflated in value by 100% in the last 18 months. Why the heck do they think they need to maipulate the markets to make even more money? This makes Monty Burns from the Simpsons look like a slack ass… Guys, you are already making more money than anyone (except maybe the greedy banks, but that is for another day) so please, play nice!

Story links: CNN – Chicago Sun Times – Reuters