I gassed up a week ago July 1: $5.09. Today, that station is offering regular grade at $4.69. 40 cent drop in a week.
Surely, this is a coincidence? Surely? The “JCs” wouldn’t gouge us just for the heck of it? Nah! Had to be the “gummit”, or the union, or the foreigners. Couldn’t possibly be the “JCs”, even though we were talking here, a couple weeks ago, about the price falling after the holiday, because the oil companies have a track record of running prices up on holidays, with the eager participation of media hype and hysteria.
Heck if he can take a hit for something he couldn’t control, he should at least get the sparkler for the correction of something he can’t control.
During the media stoked “peak oil” hysteria of June 2008, the POTUS leveraged the hype to cancel Federal restrictions on some off-shore oil drilling. Within a few weeks, after July 4, the price of gas started to fall, as usual. Fox Noise blowhard Sean Hannity gave all the credit to the POTUS “deregulating” off-shore drilling, and the market pricing in the flood of oil that would supposedly result, years, maybe decades, later, if the states dropped all their off-shore drilling regs as well.
So, why not? It not like facts and stuff matter in Shinyland.
I gassed up a week ago July 1: $5.09. Today, that station is offering regular grade at $4.69. 40 cent drop in a week.
Surely, this is a coincidence? Surely? The “JCs” wouldn’t gouge us just for the heck of it? Nah! Had to be the “gummit”, or the union, or the foreigners. Couldn’t possibly be the “JCs”, even though we were talking here, a couple weeks ago, about the price falling after the holiday, because the oil companies have a track record of running prices up on holidays, with the eager participation of media hype and hysteria.
It’s possible. But gasoline is also going down in the UK … and they surely don’t celebrate July 4th. It’s also going down in all of Europe. And it’s going down in Japan and the rest of Asia. Are you claiming that just because 4% of the world is celebrating a holiday with a lot of driving, the whole world sees gasoline prices rise in anticipation, and then fall after the holiday?
Surely, this is a coincidence? Surely? The “JCs” wouldn’t gouge us just for the heck of it? Nah!
Sort of a bad strategy like you suggest. If you wanted to really gouge motorists you would notice that many, every year, take the whole week off for a driving vacation to go to National Parks, amusement parks, visit family. So you would keep prices high or higher AFTER July 4th since they would have no choice but to fill up in order to get back home.