Originally Posted By: olivant
Originally Posted By: MaryCas
Originally Posted By: olivant
As was posted time after time way back in the summer when we were going mad over gas prices, it's supply v. demand.


Sorry Oli, I can't buy that. The economy is so F'd up. How can you say that in the summer when gas was $4.00 a gallon that it was a supply problem and now $2.50 later, it's not a supply problem. Please explain. Back in the 70's there was a supply problem, but the price never fluctuated this much.


Quickly, you are forgetting the demand side of the equation.


Demand? It didn't change that much. I'm not being a wiseguy, I just don't understand (or believe) that supply and demand - in the USA - would cause that much fluctuation. Weren't the OPECs keeping production fairly constant through out all of this gas price wavering?


Whoever exalts himself will be humbled, whoever humbles himself will be exalted - Matthew 23:12