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re: Heard on the news $4 a gallon gas again

Posted on 1/21/11 at 4:59 pm to
Posted by PointsInCase
Member since Dec 2009
698 posts
Posted on 1/21/11 at 4:59 pm to
quote:

So we're getting jipped according to that graph. Up and down oil = stead rising gas = ugh.
The price of crude is ONE of the factors that determines the price at the pump, albeit it is the largest contributor to price. Still, other factors must be considered, which is why the two lines do not move consistently.

Oil companies make bank because they have the most desired resource in the world that most cannot live without. Until this relatively inelastic demand changes, expect continued profits.
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