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SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
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<blockquote data-quote="Thomas Rogers" data-source="post: 565259" data-attributes="member: 60724"><p>What's to say the dramatic price increases didn't actually FEED the hoarding. Many people who saw 50¢ price jumps in one day were hoarding because they wanted to stock up on gas at today's price fearing that next week it would be a dollar a gallon higher.</p><p></p><p></p><p></p><p>The dramatic increases, caused by a speculative long-term decrease in supply due to shut down refineries caused a frenzy of price increases, and that caused a frenzy of buying (see Atl suburbs). </p><p></p><p></p><p></p><p>So, the way I look at it now that it has all blown over, the supply decrease was actually limited, the price increases were dramatic, and any real increase in demand was probably mostly caused by the price increases.</p><p></p><p></p><p></p><p>That's the way it seems to me, the consumer.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 565259, member: 60724"] What's to say the dramatic price increases didn't actually FEED the hoarding. Many people who saw 50¢ price jumps in one day were hoarding because they wanted to stock up on gas at today's price fearing that next week it would be a dollar a gallon higher. The dramatic increases, caused by a speculative long-term decrease in supply due to shut down refineries caused a frenzy of price increases, and that caused a frenzy of buying (see Atl suburbs). So, the way I look at it now that it has all blown over, the supply decrease was actually limited, the price increases were dramatic, and any real increase in demand was probably mostly caused by the price increases. That's the way it seems to me, the consumer. TJR [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
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