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Looks Like The Laws of Supply and Demand Are Working
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<blockquote data-quote="Thomas Rogers" data-source="post: 801819" data-attributes="member: 60724"><p>TrainTrac,</p><p></p><p></p><p></p><p>You statement that the law of supply and demand works, though echoed by the market of late, makes me feel a little sore in the arse.</p><p></p><p></p><p></p><p>When crude shoots up $10 a barrel in a day, gas at the pump goes up 20¢. When the price of crude drops $16 a barrel in a day (as it did last week) fuel at the pump goes done 1¢.</p><p></p><p></p><p></p><p>Someone else here said that those that control the market and sell the gas have us figured out. The raise and they raise, until we can't take it anymore and our consumption drops then they back off, and let the price settle back a little (maybe they raise $1 over a year, but then drop back 20¢ or 30¢), and when they do, we all feel REALLY GOOD and start buying again.</p><p></p><p></p><p></p><p>I think "human factors" (like emotion, speculation, price memory) has more to do with the pricing then more concrete market factors like supply and demand.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 801819, member: 60724"] TrainTrac, You statement that the law of supply and demand works, though echoed by the market of late, makes me feel a little sore in the arse. When crude shoots up $10 a barrel in a day, gas at the pump goes up 20¢. When the price of crude drops $16 a barrel in a day (as it did last week) fuel at the pump goes done 1¢. Someone else here said that those that control the market and sell the gas have us figured out. The raise and they raise, until we can't take it anymore and our consumption drops then they back off, and let the price settle back a little (maybe they raise $1 over a year, but then drop back 20¢ or 30¢), and when they do, we all feel REALLY GOOD and start buying again. I think "human factors" (like emotion, speculation, price memory) has more to do with the pricing then more concrete market factors like supply and demand. TJR [/QUOTE]
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Looks Like The Laws of Supply and Demand Are Working
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