So supply and demand changed enough in a couple days for a $0.70 change?
<br /><br />The correct answer is gouging.<br /><br />Most likely a few executives noticed they were close to making record profits this quarter. They decided to jack up the prices to make that record number. Now that they've made it they're putting them back down for a few months to keep people from buying more fuel efficient cars, and then they'll do it again.
Exactly on the money. Most news sources made it front page last week that several petrochenical firms made record profits in the last quarter..<br />So by lowering the price at the pump to bare minimum profits, they are attempting to disarm the impending backlash from the public over price-gouging. This will have two effects on reactions to the reports of record profits. It will quiet the rage at the pump, while it sets-up a slim-profit report for the next quarter.The latter will help them in court if it ever goes that far.<br /><br />After all, they aint stupid.Originally posted by ZmOz:<br />So supply and demand changed enough in a couple days for a $0.70 change?
Same here.
Stop looking for snakes in the woodpile. Let's reveal SOME FACTS.<br /><br />1. We haven't built a refinery, in this country, in over twenty years. Guess what, Katrina/Rita shut down a couple of them. As they came back on line, prices dropped immediately.<br /><br />2. Gasoline CANNOT be moved around to different geographical areas to meet geographical demand. Why? Because of ludicrous "regional" blend requirements.<br /><br />3. We can't drill here, we can't drill there, even though we know where it is, in our own backyard. We are at the total mercy of an unstable part of the world because of tangled environmental statutes. <br /><br />Wake up people. We need a SOUND energy policy, in this country based on proven environmental protection techniques and policies. Enough of the "special interest" environmental groups getting their way.
Out of the frying pan into the Fire.
