Fuel price rant: Why is the media so wrong?
If the mods combine or delete this, fine, but the issue isn't price gripes; it's how wrong the media has been for about the last year. Last year, gas was going to average $5.00 if you listened to t...
Forum Discussion
Oil is traded on an open market and any change in supply or demand including economic news or geopolitical problems will affect it one way or another. It will always spike faster than it returns. Oil refineries are corporations selling a product (fuel) and they can charge anything they think we will pay. That is called capitalism. To think that these companies don't want to keep the price up would be naïve, that's how they make money for their stockholders just like all companies do. I don't like the way it is done any more than anyone else but that's the way it is. There are of course many other factors which affect the cost many of which are imposed on us by our own Govt. The only alternative would be for the Govt to control production (fascism) or for the Govt to nationalize them (communism), neither of which would be better.
