The random political thoughts thread (Part Deux)

innerSpaceman · 04-25-2006, 09:51 AM

Forget that the price of gas goes up as soon as oil prices do, but delays going down when the contrary happens. It's bogus in the first place. The price of producing gas is not tied in any way to the current market price of oil. True gasoline price adjustments reflecting a rise in oil prices would take nearly a year to wend through the system in place.

Raising gas prices in reaction to news of oil price increases is purely a market tactic. And if it's done in colusion with other oil companies, it's a criminal market tactic.

Yes, an investigation is called for. Too bad it's the foxes always guarding the hen house.

04-25-2006, 09:51 AM	#11
innerSpaceman Kink of Swank Join Date: Jan 2005 Location: Inner Space Posts: 13,075	Forget that the price of gas goes up as soon as oil prices do, but delays going down when the contrary happens. It's bogus in the first place. The price of producing gas is not tied in any way to the current market price of oil. True gasoline price adjustments reflecting a rise in oil prices would take nearly a year to wend through the system in place. Raising gas prices in reaction to news of oil price increases is purely a market tactic. And if it's done in colusion with other oil companies, it's a criminal market tactic. Yes, an investigation is called for. Too bad it's the foxes always guarding the hen house.
	Submit to Quotes