The price of gasoline at my usual station, a Shell station, is now $2.68/gallon, down from a peak of $3.39 maybe a month ago. The price is lower because;
A. The owner of the station is in a good mood today and felt like "giving something back."
B. The owner of the station forgot how to gouge.
C. The owner of the station can't blame outside forces for keeping price high so he lowered it.
D. The owner of the station has enough profits from the recent run-up in prices so he can afford to lower the price.
E. The owner of the station felt guilty for all the money he made recently
F. Any of the above replacing "owner of the station" with "CEO of Shell."
G. None of the above. The owner of the station doesn't set the price of gasoline.
2005-10-24
Subscribe to:
Post Comments (Atom)
6 comments:
G. The market did its job.
The market did its job, all right. When people start expressing relief at $60/barrel oil and $2.69/gallon gas, you know you're looking at tight supply and "robust" demand.
Let's see where we are in five years, especially if the liberal/leftists permit more US exploration and refineries.
"Fuel prices tumble as consumers opt to drive less." Maybe congress should pass a law requiring people to drive more, so that their retirement accounts that have petro stocks will not suffer.
http://www.usatoday.com/money/industries/energy/2005-10-24-gas-prices-usat_x.htm
Now down to about $2.20.
What a concept. Let market forces of supply and demand work, and the prices will adjust themselves. Now if only liberals could understand that simple rule lol
Post a Comment