Re: [DMCForum] Re: O/T Gas Prices in California reach $4.10 per gallontoday

[Martin Gutkowski <martin@xxxxxxxxxxxxxx>]

>
>
> Gasoline prices keep going up,  but there is no shortage of gasoline or
> oil anywhere in the world.  If there is such demand, then how come
> supply is keeping up with it  AND THE PRICE KEEPS GOING UP.
>
>
> IF you remember you college economics - THERE IS ONLY ONE WAY THIS
> HAPPENS- monopolistic control of prices.
>
Supply of oil is not a monopoly, unless you mean OPEC. The supply price 
is going up - that also leads to a price increase. As does a shift in 
demand with a static supply.

Martin
(A-Level in Economics, but most of it's rusty now!)

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