Everyone seems to be discrediting oil companies, but they do exactly what a fundamental economist would do.Originally posted by Yamaneko
That's how much I'm paying. Good thing my car is pretty economic.
It's the oil companies fault. There's no shortage of oil, just a high demand. They periodically raise prices, lower them again, and raise them again higher than they were before. People are just too dumb to notice. I remember when gas was $0.99 less than eight years ago. Look at it now.
If a company cannot meet with high demand, they raise the prices...if they can meet with demand efficiently, they lower the prices. Though some people might look at this as fraud and such, it's actually a smart and very fundamental business sense and anyone who owns a large company knows that it's no one's fault but the consumer's.
