Quote:
Originally Posted by habernac
and now down to 116.9 in places. I have to say this is the quickest I've seen prices fall, maybe they're finally getting the hint?
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Who's getting the hint? The oil companies got the hint that you don't like $1.40 gasoline?
You think they don't know that consumers don't like high prices ... a concept known to everyone EXCEPT gasoline marketers? I mean why didn't I just sent an email to imperial and let them know that I would prefer cheaper gas.
The price is driven by market fundamentals, same as every other commodity in the unregulated (read communist or otherwise interfered) world.
It's coming down because a) crude keeps falling and b) Ike didn't do as much damage as people thought it would to refineries ... and maybe a few others that are not blatently obvious to everyone.
Sorry if I'm misunderstanding your note, but if you think it's as simple as someone getting the hint ... well ... it's a big complicated world out there then.