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Originally Posted by politicophile
Yeah, early in the summer I was paying $4.00 a gallon for premium. That sucked. Obviously there are a few people (including you, apparently) that are significantly affected by the increase in gas prices from, say, $1.80 to $2.40. But, it makes no sense to cite the oil companies' "greed" as the reason for the increase: blame it on market forces.
If consumers will pay an additional $X for a product, it doesn't make any sense for an oligopolistic industry to maintain their lower price if they have a good excuse to increase it (Katrina, et all)...
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when the market went up cause of katrina, the prices went up and tho i dont like it i do understand it. it wasnt til a couple weeks after the market went down did the price of gas start going back down, at least around here it didnt!
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