Quote:
Originally Posted by bronco67
Something fucking stinks. Gas has been holding close to, or below $3.20 for years. One dollar in a few months indicates much more than simple supply and demand, which should take years to manifest itself.
|
This is isn't "supply"/"demand" in a sense one usually thinks of, the price doesn't come from actual supply or demand, but from speculators that buy/sell oil contracts. It's kinda same situation as the real estate bubble, people see prices rising, so they buy, causing the prices to keep rising... until one day it all crashes hard...