09-09-2008, 06:05 PM | #1 |
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Let me see re: gas prices
http://www.bloomberg.com/apps/news?p...efer=worldwide
Output (supply) is up and will remain up. Demand is down. Cost per barrel of oil is down. Gas prices still high. You supply/demand nutz, tell the rest of us why.
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09-09-2008, 06:44 PM | #2 | |
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09-09-2008, 06:48 PM | #3 | |
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09-10-2008, 02:46 PM | #4 |
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Monopolies are bad.
now we'll here about the oil companies not being monopolies. When I go to any intersection in America and see all the gas prices the same, that is a defacto monopoly.
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09-10-2008, 02:53 PM | #5 | |
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I have never thought of it that way. How different are the prices at Wendy's and McDonalds. If you go into the convenience store at the gas station, is there a big difference in the price of a can of pepsi vs a can of coke. I think also if you want to make the effort you could drive around and find some price differences on the price of gas. |
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09-10-2008, 03:33 PM | #6 |
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no, under perfect competition the prices are all the same too. that's not a sign of monopoly.
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09-10-2008, 04:35 PM | #7 | |
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I live next to a street with a bunch of car dealerships and in the space of 1.5 miles I can find prices that vary by as much as $0.15 a gallon, depending on their proximity to the interstate highway that the street has access to. |
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09-10-2008, 04:41 PM | #8 | |
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For the same product?
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09-10-2008, 05:12 PM | #9 | |
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It's time for you to take some responsibility for your life.
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09-10-2008, 05:37 PM | #10 | |
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Given the fact that the producers (majors like Exxon and Chevron) only make about 8.5% profit, its a wonder they get hammered so hard. Even food producers often make more than that...........Who says gasoline isn't as emotional as politics? |
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