ARE GAS prices "FIXED"?

Question

let's see ..
1. huge tax breaks for oil companies with RECORD profits
2. Oil companies own the refineries and controll the output of gasoline...
3. demand can only decreese to a point but supply is kept artificially low..which drives up prices
4. projected summer demand (something that has been going on for YEARS) and no increase in supply?
5.Refinery "maintenance" scheduled during the mid east crisis and right before spring?
6.cost comparions given the price of crude now and before the gulf war ...don't yeild the same % increase for gasoline
7.  a 45 cent increase overnight?

hunting4junk · Accepted Answer

I believe they are fixed. and it's against the law but how do you prove it.  Seriously if exon was operating more efficient than BP shouldn't exon's fuel be cheaper? when everyone asks the same price for the product with difference for competition then i believe that to be price fixing in a way

? · Answer

once you think approximately that purely a pair of short years in the past gas costs have been around $a million.50 a gallon, $3.00 is definitely too intense. How lots is purely too intense? because of the fact gas is a commodity upon which our economic gadget relies upon, any strengthen extra desirable than the fee of inflation has a adverse effect on the patron, and consequently is purely too intense. So... whether you assume a fairly intense inflation fee and assume that $a million.50 a gallon replaced into on the low edge a pair of years in the past, something over $2.00 a gallon is purely too intense. the actuality that the gas manufacturers have made checklist salary over the final 2 years underscores the theory that modern costs have much less to do with marketplace forces than they could do with squeezing the american client.

ARE GAS prices "FIXED"?

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