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Old 05-14-2011, 10:51 PM   #15
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We go thru this enough times in several years time. It drops 50cents and goes up another dollar. Where is it getting cheaper at all. By summer end it may drop again about 50 cents but rise better than one dollar. At that formula, there is no cheap gas anytime. It's the gouge effect on us. Not even Congress can whip those oil boys into submission of prices. Oil folks just laughed at Congress the other day. Those oil boys know profits when they see it.
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Old 05-14-2011, 11:05 PM   #16
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Quote:
Originally Posted by Wayne MD View Post
We go thru this enough times in several years time. It drops 50cents and goes up another dollar. Where is it getting cheaper at all. By summer end it may drop again about 50 cents but rise better than one dollar. At that formula, there is no cheap gas anytime. It's the gouge effect on us. Not even Congress can whip those oil boys into submission of prices. Oil folks just laughed at Congress the other day. Those oil boys know profits when they see it.
Seems to me that the smart money should be buying oil company stock and share in their excess profits!
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Old 05-15-2011, 06:17 AM   #17
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You can time the price increases with a stopwatch, but time the price deceases with a calendar.
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Old 05-15-2011, 06:31 AM   #18
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Looks like retail prices are directly tied to the crude prices.....

http://www.GasBuddy.com/gb_retail_pr...me=72&units=us
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Old 05-15-2011, 07:19 AM   #19
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Retail prices are tied to crude but who prices crude?....the option traders and speculators. I thought Congress passed a bill recently that required speculators to take take tltle to their investments which was supposed to curtail speculation but Morgan Stanley and Goldman Sacks continue to "price" crude.
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Old 05-15-2011, 07:37 AM   #20
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Good news, but since the rise of fuel costs we pay higher prices at the grocery store and most retailers. Lets hope that the trucking companys and retailers adjust costs to reflect the lower fuel prices.
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Old 05-15-2011, 11:44 AM   #21
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Microeconomics 101 in action...

Supply and demand...Markets will find equilibrium at the price point people are willing to pay..

Don't like the price....

Don't buy...

Life is about choices.....Plain and simple
It really doesn't matter "who" sets the price, does it?????
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