Does anyone have a clue why gas prices are doing what they are doing? Yesterday, on my way to work, I saw something strange. I pass three stations on my way to work. The prices, in order were $3.68, $3.38, and $3.55. Normally, in our small town, gas prices are within a few cents at every station.
I heard this explanation on the radio. "When gas prices are high, people drive around, not buying, in hopes of finding a cheaper price. Lack of purchasing drives prices down. When the prices are down, people rush to fill up. More purchasing drives the price up. It's all supply & demand. The consumers themselves are driving up the prices.".
Sure. That's why oil companies continually post huge profits.
7 years ago