It has been almost 30 years since I studied economics, and things have probably changed since then.(posted 9660 days ago)Will someone please refresh me as to how we bring the price of something down when there isn't much of something? Wouldn't the suppliers just be happy that they got a breather for a couple of days, and could restock, regroup, and move forward?
I think long term, a gas out would be great! But we have to get rid of a lot of SUV's, and some interesting notions about how much horsepower everyone in the United States needs to drive to the 7-11.
BTW, regular at Arco (cash only) is now $1.5199 and it's $1.60 at Chevron, with each grade being a dime higher. This is in WA state. It was $1.4699 when I left on a trip on Sunday, and the previous Friday it was $1.3799. Previous Tuesday to that, $1.3299. Interesting.
Got seeds?
But please enlighten, because I would really like to be enlightened.
Thanks in advance.