Gas Prices

I was reading and article on the Santa Cruz Sentinel on gas prices. According to the article it looks like gas prices will not rise drastically anymore. But I don't really know whether to believe that gas prices have hit their peak because it always seems that something happens and the price of oil goes up. It's weird that around this time there's always some sort of fire happening at an oil refinery and the price of gas goes up. The other thing that I don't understand is howcome oil companies keep having record profits. According to Msnbc.msn.com Exxon recorded 10.7 billion profit in its fourth quarter last year. Since there's not much competition in the oil business we will have to pay whatever prices they dictate to us. I'm starting to save money for a hybrid but as the price of gas goes up, my savings seems to go down.