I saw last night that the price of oil went down almost $10. Just a week ago, I saw that US usage of gas was down 2% and dropping. If we still had the law of supply and demand, a foundation of capitalistic economy, that would mean that the price of gas at the pump should have gone down.
It hasn't!!
Today, I drove into Crystal Lake, Illinois, to have the Dakota's emissions test. Gas from McHenry to CL was anywhere from $4.26 to $4.40. It hadn't dropped from yesterday.
Now, if oil had gone up $10 a barrel yesterday, would Big Oil have raised the price at the pump significantly? You bet they would have. The same if gas usage had gone up 2%. We would have seen the increase at the pumps in a matter of hours if not minutes.
Something Really Does Need to Be Done About Those Guys Until They Show That They Can Learn to Play Well With Others. --RoadDog
NOT FUNNY!!
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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