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Re: Re: Re: High cost of fuel...Reason?
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Posted by Ron on June 07, 2004 at 17:15:37 from (69.179.2.158):
In Reply to: Re: Re: High cost of fuel...Reason? posted by Paul in Mich on June 07, 2004 at 15:02:10:
You may have missed economics 100. Pizza is what economists categorize as �discretionary spending�. Oil, on the other hand, is a commodity. Futures (commitments to buy and sell in the future) are traded based on expected future supply and demand. It�s really just that simple. Actual pump prices are determined by the particular nation�s gas policy. See http://money.cnn.com/pf/features/lists/global_gasprices/price.html and when gas hits $5.00/gallon here, don�t be surprised. I sure won�t!
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