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Why are the gasoline prices so high? Is it the lack of crude? – nope. Is it the lack of refinery capacity? – nope. Is it the result of government? – nope. It is the result of our free market capitalism. Go to Google and put in “gasoline exports.” You will be surprised.
B. Graham, Sisters.
This article appears in Mar 29 – Apr 4, 2012.
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by Source Weekly, The Source - Bend, Oregon
March 28, 2012
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Like many end products that rely on the price and availability of the base commodity, i.e. bread prices depends on wheat futures, orange juice depends on orange harvest, etc, the price of gas is partly dependant on crude futures and the world supply. If the future of such supply is in question, it drives up the price of crude and consequently, the price of the end product. Those that insist on claiming it is the greedy oil companies needs to read and understand financial statements and the concept of profit margin. Those that insist that it is commodity brokers need to explain how such if brokers can affect prices, why prices would ever go down, or for that matter how brokers can affect price at all. Our problem is directly related to crude futures and requires a long term fix.