Jan 26, 2009
Gas prices have gone up 10% from the national average of $1.67 a gallon in December to $1.85 a gallon. Usually, the experts explain that prices increase because supply is low and demand is high. Demand, however, has gone way down while some people are out of work and others are taking pay cuts.
A spokeswoman for AAA said: “...the continued increase in prices defies explanation as supply remains healthy and demand remains low.”
In fact, there is an explanation. It’s called SPECULATION. Obviously, all their excuses about shortages and China and so forth are seen in plain view – as lies. And the prized “supply and demand” theory of the market economy turns out to be more fiction than fact.