cosmo
Registered
Excellent question...been waiting for someone to catch that. In short....maybe.....if the supply runs low enough. The real story of supply/demand/price is that fuel is sold at a market, just like tomatoes and corn. When there is a freeze or drought the price is bid up by the retailers untill it reaches a price they are not willing to pay or....cannot recover on the open market. The current price of gasoline = maximum amount the retailer believes you will pay for it(JuiceSC @ May 07 2007,12:56) Ok, I'm confused.
If there is a shortage of refinaries and demand is high, wouldn't that mean there should be a corresponding fuel shortage at the pumps?