Infiniti: Why aren't gas prices dropping?

Gordo wrote: 

The war had little to do with the price of oil on the world market.
Seasonal summer increases in gas prices are normal. Late spring we saw
prices come back down considerably here. I did notice that in large
cities the price of gas is much higher than in remote towns.
Traditionally the opposite is true. I expect prices to drop some by
september as demand drops.

Gas prices have little to do with real-world conditions, much like the
stock market, prices have more to do with the perception of value.

--donovan

One would have thought so, especially with Iraq having become the 51st
State of the Union.

Gordo wrote: 

We have noticed for a long time that gas prices on the East side of town
(blue collar neighborhods) are quite a bit cheaper than same brands on the
west side (yuppy neighborhoods). Only a mile or two apart.
FWIW


"Gordo" <com> wrote in message
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"pdb" <com> wrote in message news:<newsgroups.com>... 

Competition...or lack thereof.

I may be slightly exaggerating here, but when you think about who has
bought out who as of late, there's really only a handful or two of oil
companies left.

Exxon/Mobil
BP/Amoco
Texaco/Chevron/Phillips

That almost covers it right there.

Just be thankful you're not in the UK

Currently between GBP 3.30 and GBP 3.50 for unleaded



"Alfred B" <net> wrote in message
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In a word.... Greed.

S.

"Gordo" <com> wrote in message
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Petroleum prices and the prices of distillates such as gas have risen in the
states due to desperately low natural gas inventories. When one energy
market gets expensive, it tends to effect the price of other energy
commodities. Fed Chairman Greenspan has pointed to the natural gas situation
as a potential pitfall in economic recovery.

Another reason why gas is so expensive right now is simply that the price of
crude on the open market has reflected the uncertainty of the political
situations in the various OPEC countries. Anyhow, the price of gas could
certainly be higher. I wouldn't call the prices we're seeing here in the
Pacific Northwest unreasonable, though I'm sure that SUV drivers are pining
for the 'good ol' days'.

"Steven" <net> wrote in message
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