On Fri, 26 Dec 2008 16:58:55 +0000, Larry wrote:

Wayne.B wrote in
:

On Fri, 26 Dec 2008 02:33:39 +0000, Larry wrote:

Something is being manipulated by the usual suspects.

Not really. As long as demand holds up, prices will not drop. If
people stop buying prices will fall. It's the law of supply and
demand coupled with the desire of business to maximize profits.
Also, there is old inventory purchased at higher prices waiting to be
sold in some cases.


Er, ah, Wayne? Does your news reader work? People have ALREADY stopped
buying, which is what got us into this mess in the consumption-driven
economy.

That's what's queer. Consumption is way down but prices haven't dropped!

Weren't you talking about Rotella oil or some such?
Hey, as long as you want it, the price won't come down!
Seems in the past retailers will only go so low with prices, then
their stock ends up with discounters and employees, who unload it at
garage sales. Maybe now ebay.
But it's complicated as all get-out.
You always have to keep your eyes open for real deals, and usually
when you see one, it's right after you paid retail!

--Vic

Vic Smith wrote in
:

Weren't you talking about Rotella oil or some such?
Hey, as long as you want it, the price won't come down!
Seems in the past retailers will only go so low with prices, then
their stock ends up with discounters and employees, who unload it at
garage sales. Maybe now ebay.
But it's complicated as all get-out.
You always have to keep your eyes open for real deals, and usually
when you see one, it's right after you paid retail!

--Vic



I have a letter nearly ready to ship to my state Attorney General next
week. It is entitled "Price Gouging or Price Fixing?" I hope it will
result in getting him interested, at least, intaking a look at these
outrageous overpricing on oil products....ALL oil products. The raw
material has dropped $113, 78% from the high of $145/bbl. To keep the
prices at that level is price gouging. If the oil barons are telling
everyone to maintain that price, it's price fixing. Either one is
illegal in South Carolina. It's time the AG's office started looking
into the phenomenon.