STORM2K

i read an article in the paper today about oil prices. i forgot what oil company it was, but it was a spokesman from one of the big ones.
when asked why prices of gas have not dropped at the pump he replied "well it takes about 3 or 4 weeks for a price increase or decrease in crude to show at the pump"
what the F***? is he kidding me? the day crude prices go up prices at the pump go up as well.

and they take far longer than 4 weeks to go back down.

an arse trying to make excuses for big oil to price gouge i guess.

peace
david

So true, they dont waste anytime to put the price up now do they!

What is sad is they've got us by the yingyang or whatever and they know it and they continue to spew that BS!!! I It's too bad we basically HAVE to have our cars to get around. Here in Houston we sprawl literally over 35 miles in each direction from downtown and we basically have no mass transit compared to other major cities. The rail they are currently building will only serve a miniscule part of the city and will do the outlying areas no good at all, so we build mmore concrete for more cars for.....which requires more gas!

Ya know, what I don't get, when prices started to spike, they raised the prices BEFORE the stations got another load of gas in, it's the same gas in their tanks that they paid a lower price on!

Dennis

This is a perfect example of the catch-22 prevalent in todays capitalistic society:

- If we buy less gas, they riase prices in order to keep their profits stable so they can pay salaries and overhead...

- If we buy the same amount of gas, they claim that economic instability forces them to raise the price in order to be more financially secure in an uncertain future...

- If we buy more gas, greed takes over, and they will raise the price to reap greater profits...

Until we even out the demand for gas with some counterbalance (whether it be another resource, government intervention, or something else that maybe we haven't thought of yet), we'll have to put up with this sad situation.

Sometimes capitalism has its not so appealing aspects...

- gator.

yeh so dumb! from what i understand prices of oil/gas rise like a rocket and fall like a feather.