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Andy823

(11,495 posts)

8. Supply and demand

Reply to Purveyor (Original post)

Wed May 23, 2012, 04:20 PM

May 2012

Oil companies close down refineries to cut "SUPPLY", or they make up reasons supplies are supposed to be down, then they "DEMAND" higher prices for fuel at the pumps.

It's called highway robbery, and they are damned good at it!

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8 replies

= new reply since forum marked as read

Highlight:

Oil Extends Drop After U.S. Supplies Increase to 22-Year High [View all] Purveyor May 2012 OP

Not in California, apparently, where the scam/shell game continues apace... villager May 2012 #1

Our mid-michigan prices tried to go up yesterday .30 to 3.89 but I noticed a few stations Purveyor May 2012 #2

The price will drop like a rock.........after Memorial Day thelordofhell May 2012 #3

Probably the reason for Morgan Stanley disaster...biggest holder and speculator on oil.. dmosh42 May 2012 #4

... $3.50/gal in Central IN yesterday ... $3.90 today ... Myrina May 2012 #5

And, on the upper left coast the_chinuk May 2012 #6

lol SnakeEyes May 2012 #7

Supply and demand Andy823 May 2012 #8