Oil Companies Doing Their Job

[lu_hawk]

First you should read about how capitalism and more specifically price-taker markets actually work.

Gasoline futures actually do trade on the NYMEX along with crude oil futures. It is funny because the futures prices are falling into November and fall faster after November. And if you compare crude oil prices to retail gasoline prices you will see a correlation, if oil doubles over a period of two years or something like that then retail gasoline will probably be up a similar amount. But over shorter periods of time the correlation begins to lessen. You can look it up.

We have two logical options here:

A) Everybody in the gasoline food chain(drillers, refiners, distributors, retail stations) are engaged in a massive conspiracy to keep the price of gas low to help Bush in the election. They are doing this at great personal cost to themselves BTW, because according to your theory they could sell gas for much more if they chose to.

OR

B) You are wrong.