[Minnie's Mate]

Originally Posted by bizcamp

from IBD today "People often ask: if oil prices are falling so fast, why aren't gasoline prices? The fact is, gasoline prices in recent weeks have plunged sharply. But gasoline prices never rose as much as oil prices did in relative terms, and so have had less to fall.
Crude oil prices soared a bit over 138%; gasoline prices to their peak only rose 76%. Today they are roughly in equilibrium."

This explanation shows that the sellers of gasoline were absorbing alot of the price rise, matter of fact, they absorbed almost half the price of gasoline price increases from Jan. 07 to July 08.

So, you can complain about the higher cost of gas but the reality is that the sellers of gas only charged half of the true cost for that period, and therefore kept prices down and affordable to the consumer.

Another myth bites the dust: Gas is manipulated to cause the end user to pay too much vs the true value. Truth:The average seller of gas did everyone a favor and kept the majority of the cost of gas to a minimum for the biggest price rise period.

They can't raise the price of gas when oil is low but they keep it as cheap as possible when it is high... this is the wonder of competition and capitalism.

Next time you buy gas, let the owner know how much you appreciate what they do for you. They will be astounded that someone understands.

Educatin and Calculatin,
Bizcamp

Another myth bites the dust: Gas is manipulated to cause the end user to pay too much vs the true value. Truth:The average seller of gas did everyone a favor and kept the majority of the cost of gas to a minimum for the biggest price rise period.

I don't know planet you've been on or what you've been smoking, but I don't want any part of either one!