Lifestyle > Train of Thought
What's Up With The Gas Prices?
Don Rizzle:
--- Quote from: Lincoln The Reform-A-Tory on November 15, 2005, 01:24:18 PM ---
--- Quote from: Dat Nigga Ted aka Eri-Jordan on November 15, 2005, 01:16:36 PM ---Why do oil companies answer to congress?
--- End quote ---
A huge increase in prices is very likely to be a result of collusion on the part of the companies, which (correct me if I'm wrong) is illegal in most countries.
--- End quote ---
no its just supply and demand on the oil markets.... demand outweighed supply so the price rose to over $70/ barrel i believe its dropped below 60 now but this is still 2 - 3 times more expensive than what it was 5 years ago when prices tended to fluctuate between 15 and 30/ barrel. not all petrol stations are owned by the oil companies which is why they say it would be unfair if they used the extra profits they are earning to distaught the price at the pumps lower than the market value, plus they have no obligation to do so....
Westcoastin':
i filled up at 78 cents/l a couple days ago, and it was up to 1.32 here durin the hurricane
7even:
That's ridiculously cheap compared to Europe you spoiled asses.
Javier:
Everytime people bring that shit up about the prices from Europe to the price here in the U.S, we know already dammit. The complaint is that sudden increase and the profits oil companies enjoyed, and not the actual price of the gas
7even:
You seriously thought YOU are the ones to make profits from the wars america leads? Hell nah. The business giants do, the people in power do.
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