Quote:
Originally Posted by Odin
isn't that price gouging?
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Yes but most don't get hit by it, many stations around here raise prices 2 or 3 times a day even though it is illegal.
The whole oil pricing structure is about price gouging, only 1 or 2 entities outside the middle east fix the price, a couple of the banks that we bailed out are doing this activity of artificially constricting supply and expanding demand, especially in the east coast fuel oil market. As our demand plummetted drastically the oil prices lept up to over $4 a gallon all because of price fixing.
Its too bad we don't have the type of government officials that were around in the 40's to bust some of this garbage up.
Whlie we have more oil in storage than ever before our prices are also higher than ever. Nice