How much competition is there in the gasoline market of the United States? Not much. Prices are pretty much determined by the need to keep share prices high and to push them higher. Supply and demand isn’t much of a factor in determining prices, because if it was, prices would be much lower. Instead, prices have risen 8.8 percent since January 1, 2012.
There is a gigantic glut of gasoline in the USA right now, and nothing to indicate that prices should be rising. The US is exporting gasoline from its US refineries. There is absolutely no pressure to raise prices, unless its politically motivated, but its more than likely this is a contrived price rise to enhance share prices.
The price of gasoline in Venezuela is 12 cents a gallon. It’s subsidized by the government. Gasoline prices are higher in European nations, but that’s because gasoline taxes usually represent more than 50 percent of the price.
It’s really an income redistribution scam. The higher the price, the more money goes from the pockets of consumers of gasoline to rich shareholders and CEOs. The lower the price, money gets redistributed from one class to another.
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