Cap’n Arbyte took O’Reilly to task for claiming that:

What we do know, because the law demands it, is what kind of profits the oil companies are making each quarter and those profits are astronomical during a tough time for America. We know for sure that while millions of Americans are hurting financially, the oil companies are rolling in dough.

Now that gas prices have dropped from $3 to $2.50 or less in the space of a couple of months I don’t expect O’Reilly to continue his populist campaign against oil company profits. More likely he’ll take credit for forcing the oil companies to drop prices to help the folks.

Update (9/14): I saw $2.09 on the way home after my run this evening.