Comment Text:
Why is the use of speculation used instead of supply and demand basics in OIL and GAS pricies?????
When you look at the rise of wholesale oil and retail gas prices at the pumps don't coincide with reasoning cause. when Oil goes up, the price of Gas goes up almost immedately but when the price of Oil goes down it takes about 14 to 30days for the Gas price to fall at the pump, if any fall is seen. It seems to me that a lot of money is being made at the expense of the consumer for NO REASON but for PRICE GOUGING of the consumer.
Therefore, I Perry D Williams, must recommend that the way to be fair on the consumer, which must be the main concern with our present ecomony, would be to do away with speculation and go back to the supply and demand rules. It worked in the past to control costs and inventory levels at the same time in helping out the consumers when the ecomony is so low.
If you would read the Ecomics Book written by Mr. Paul Samelson it would correctly describe the way the country should be run when we are in a double dip recession (more of a depression) and your rules are not the way out when it comes to the OIL and GAS prices at the present.
Thank You
Perry D Williams
