Reply to thread

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

Message: <blockquote data-quote="Buck Henry" data-source="post: 543067" data-attributes="member: 57395"><p>You guys are thinking at the macro level!  At the micro-level, the spike in price was due to a local dwindling supply and a local spike in demand.  If one was willing to spend $6.00 a gallon for gas, then that is the price regardless of how much the owner paid for the stuff when it was put in the tank!  If folks says screw it and stop buying gas due to the high price, then the price comes down to what folks are willing to pay!  Did you guys miss this day in Econ-101 class?  <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin    :D" loading="lazy" data-shortname=":D" /></p></blockquote><p></p>