‘Free’ Market Values
Nov 2nd, 2006 at 2:15 pm by Susie
Big shock here:
Santa Monica, CA — The recent sharp drop in gasoline prices from this year’s record highs is steeper than the drop in the price of crude oil, indicating that refiners are taking less profit in order to push the retail price lower as the election approaches, said the nonprofit Foundation for Taxpayer and Consumer Rights (FTCR). It is a pattern that is also evident, though less sharply, in the autumn of the last two election years, 2002 and 2004.
Thank you for the post. I belioeved that it was an artificial drop, but couldn’t find a rationale that worked.