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"John H." wrote in message
... On Wed, 30 May 2007 11:43:26 GMT, "JoeSpareBedroom" wrote: "HK" wrote in message m... GALLUP NEWS SERVICE PRINCETON, NJ -- The latest Gallup panel survey finds the public bracing for continued rising gas prices this summer. A majority of poll respondents expect gas prices to reach the $4.00 per gallon level in their local area this summer, though only a small minority expects it to reach the $5.00 mark. Roughly two in three Americans say they have already been affected financially in some meaningful way by the high gas prices. The public most often mentions oil company greed as the reason for the high gas prices, though it also mentions other more practical reasons such as problems with refineries. They'll mention whatever the talking heads tell them to mention as reasons. Remember "increased demand in China"? That's the reason I heard for the latest run-up. Same thing last year. But, when the price dropped last year, nobody said "decreased demand in China". I don't listen any more. The only info I'd believe would come from Rex Tillerson, who was being waterboarded in return for real details about the pricing scheme. All other explanations thus far are an insult to our intelligence. Explanation - long term maximization of profit. Salvation Army does charity work. You go to the supermarket and find that a gallon of milk is suddenly $4.00. Last week, it was $2.00. You ask for an explanation and are told "It's due to increased demand at our store across town". How would you feel about that answer? |
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