From May 15th Chicago Tribune.
Photo of cars in front of a station in Chicago at Montrose and Western Avenues with regular at $4.41.9 and V-Power at $4.63.9.
Chicago was the highest in the nation back then. Nationally, gas had risen to $3.76 a gallon. It was $3.92 in Fox Lake.
The price of a barrel of oil had also fallen. But, the cost of gas went up. Gas prices were 67 cents higher than last year.
How come every time the cost of a barrel of oil goes up, we see it reflected at the pump in a matter of hours. But let it go down, you won't see that anytime soon.
These exorbitant gas prices have CUT DEMAND, BUT THAT HAS LITTLE IMPACT ON PRICES.
Hey, Big Oil Dudes. Have You Ever Heard of the Law of Supply and Demand? --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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