Quote:
Originally Posted by HuskyMan
there always has to be a 'crisis'. the Gulf War in 1991 created an 'oil shortage', thus the oil companies raised gas prices. my job was preparing reports that were sent to the government that backed up the oil companies claim that there really was a shortage and thus, the need to raise prices.
also, in case you haven't noticed, every gasoline outlet's prices in a particular area is within a nickel or two of each other. gasoline is a highly controlled market and nobody is allowed to substantially lower (fifty cents or more) under anyone else.
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Let me rephrase. Can the oil company simply change the price at will or is it sold in "futures"?
Is that a law? I'm not sure that it is. Look at diesel. The price can be 15 cents difference.