Saturday, January 10, 2009

Supply And Prices Greater Than Demand

SEARCH BLOG: GASOLINE

Continuing to defy economics, Midwestern gasoline prices remain near $2.00 gallon despite oil at or below $40 per barrel. That is high, relatively speaking, to the rest of the country. All of the excuses about Venezuelan oil problems and Russian oil problems and Gaza problems is a smokescreen for some major supplier to be jacking up prices. There is no refinery problem; there is no pipeline problem; there is a supplier problem.

See this post on Wednesday.

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