Click on your avatar/“C”(in the top right corner area of my response) and it’ll take you to your post.
I hate to get off topic, but:
the highest price I paid for Costco premium gas was $6.05; currently, Costco premium is now down to $5.45, another .30 lower than Tuesday a mere 4 days ago; meanwhile, the cheapest Chevron near me is $6.23 for premium, 78 cents higher per gallon; before oil futures prices started declining, the difference between Costco and Chevron was maybe 30 to 40 cents iirc.
I LOOOVE how “regular” gas stations raise prices immediately when world oil prices go up, but lower prices slowly when oil prices go down.
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Consider there is a lag time between when the station purchased the gasoline and when it is used. Be sure to use the wholesale price of gasoline and not crude oil prices.
All the public knows is that the wholesale price of gasoline has dropped. But what you are pumping today was paid for when the wholesale price was higher.
Then you say they raise prices faster than they lower them. I started looking at this a few months ago, and that doesn’t seem to be happening (now). I thought the same as you. My thought is that these stations are being more closely watched for price gouging, and they watch themselves that they don’t do that.
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And what do you think would happen to them if they were accused of price gouging?
Exactly. Also, when the market is volatile most stations will be reluctant to drop prices immediately to hedge against the risk of another spike in the wholesale cost. Its the same with any market based pricing that is prone to supply swings. Anyone’s whose worked in a restaurant understands this on a smaller scale, especially with seafood pricing.
There’s no such thing.
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The one about buying shares of corporations?
There’s no way you’re this dumb and able to log onto this message board.
No, not at all. https://god.dailydot.com/ceos-bragging-price-hikes/
The last post I get from you was the corporations nationalizing themselves. With some photo of cars lining up to get gas.
That doesn’t make it “price gouging.” Something is only worth what people are willing to pay.
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And how are people supposed to live w/o eating food and using gas? What choice do they really have?
Why would they do that?
If prices go beyond what people are willing to pay, they change their behavior. Then as demand goes down, supply rises and prices go down. Pretty basic Econ 101 stuff.
They really don’t have much of a choice. Eat or die. Use gas to get to the grocery store or don’t eat and die. You must pretend that there is an actual choice, or your ridiculous argument falls apart. Econ 101. Pretty basic stuff that you must deny.
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You failed to follow instructions, then.
Did you bros know that the Saudis nationalized their oil industry?
And that the Saudi Arabian Oil Company is one of the biggest, most profitable companies in the world?
In June, inflation in Saudi Arabia was at 2.3%?
Anyway, we’re Bros again. So be on the look out for cheaper gas and a short term Surge in the stock market.
Did you get that far in high school yet or is that junior year?
Then correct me.
Pathetic attempt at humor.
Here is a video of a rare moment of candor from Allen Greenspan while idiot Paul Ryan tries to set up another system that his donors can steal from.
There is nothing to prevent the federal government from printing as much money as it wants and giving it to whomever. The question is about a system that has the real resources for that money to purchase.
As I’ve frequently stated, money is not scare, real resources could be.
This, a deficit in real resources is the cause of inflation, not money printing.