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THE NET WATCHER wrote:
On Feb 23, 9:11 am, "Chuck Gould" wrote: On Feb 23, 7:37?am, "Bryan" wrote: The news ticker tape just said that Bay Area (San Francisco) gas prices are expected to increase by 40 cents per gallon over the next two weeks! ?What's the explanation for that? ?Anyone know some facts? When pressed for reasons, the only people in a position to know why the prices of refined products fluctuate as they do (the oil companies and their spokesmen) will always cite "supply and demand". In a free market, that means the price will go up until overall profits are suppressed by a decrease in demand. So far, regardless of the price, we have demonstrated that we will continue to demand as much as the refiners choose to supply. With the passage of winter, there is less need to keep prices down and avoid the political drama of "freezing granny out of her house and home", and it's back to sock-it-to-us time for discretionary uses like boating and vacation driving. The current stock values of Big Oil are based on last year's record profits (Exxon netted over $4 million an hour, 24/365) and unless investors can be assured that such profits are sustainable the stock prices will fall. But heck, where in the Bill of Rights does it say that we're entitled to cheap gasoline and diesel? Given the same corner on the market and the control of the entire chain of distribution from extracting raw materials to retailing finished products that a handful of oil companies enjoy, darn few people would be able to say that they wouldn't do *exactly* the same thing that Big Oil has done the last couple of years. Expect another ugly year at the fuel dock, but the good news is that it won't seem quite so bad as before because we're all becoming accustomed to paying 50-cents a pint. :-) 9999999999999999999999999999999999999999999 BULL****, THE ANSWER IS SIMPLE...ONE WORD: G-R-E-E-D Do you give back half of your paycheck? If not, you being a halfwit, should start. |
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