On Thu, 18 Jan 2007 17:08:11 -0500, mark_digital© wrote:
> What do you make of this?
> http://www.msnbc.msn.com/id/12400801/
Very interesting...the oil companies RAISE the price of a gallon of gas as
SOON as an increase is announced, saying, "Now we have to pay higher costs
for raw material..." But, when the price DROPS, "Now we have to recoup
what we paid for what's already in the tanks..."
Sounds a bit like double dipping to me. If you paid LESS for what's in the
tanks when the price goes up, then the price shouldn't increase until you
get the first delivery at the higher cost. But that's not how it works.
And, as GWB said, "Don't look to me for any help."
How many remember THAT comment? Who should we look to then, George? Seems
to me the oil companies are just running Open Loop...we'll make up the
rules, and you just sit back and take it...
Now, I don't think we'll get a lot of support from our UK friends on this
one...as Andrew said the other day, they're paying ~$6.27 a gallon...