The oil market is a huge racket, that’s why. It’s as far from a free market as possible.
Agree... the supply and demand aspect of Oil effects it about 10%. The major factors are geo-political... and its been that way for decades.
>>> The oil market is a huge racket, that’s why. It’s as far from a free market as possible.
Are you referring to government taxes or international cartels? Because, except for those things, gasoline is one of the lowest profit-margin items on the market (only food is lower). In all the times that oil companies have been investigated for price fixing, they have *never* been found guilty.
Do you have any background in economics?