Gas Gouging From Everbody
- 0 Comments... What do you have to say?
Not only are we getting gouged by Kanku’s and many other gas stations, but here’s a statistic for you to consider. From it’s recent highs, the price of oil is down 33%, while the price at the pump is down 7%. I’m a firm believer in capitalism and a free market economy, but it seems to me that as the price of oil goes up, the oil companies are raising the prices we pay to maximize their profits. Likewise, as their costs decrease, they’re not sharing that same price break. They are again, maximizing their profits.
This touches on a fine line of government interference in the economy and private business. I’m not really asking anything from the government, but the private companies should do what is morally and ethically right in this situation. Consider how many Americans the oil debacle effects. What’s your take?
- Posted in: Economy, Money
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