Posted by WarrenBult on March 02, 2012 at 14:10:58 from (208.88.136.10):
In Reply to: Re: Gas price jumps posted by 641Dave on March 02, 2012 at 13:53:36:
Big Oil does not speculate it into their pockets. People on wall street cause it to go up, along with the government for printing money with no backing, causeing the dollar to be worth less, thus costing more to buy a barrel of oil. The big oil companies pay the price the speculators set, then refine it into the different products, so those prices go up. The refineries only make pennies on each gallon of gas. There costs go up, so their products go up.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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