It's called CAPITALISM.....supply and demand.....economics 101.....
"It's called CAPITALISM.....supply and demand.....economics 101....."
Those things on your head... they're called BLINDERS!
Apply economics 101 to something as complex as the US economy and you'll get a result you won't expect.
Maybe...but here on the West coast, supply remains the same (or better due to EPA relaxing gas blend regs...and our crude comes mostly from Alaska, not the Gulf of Mexico) and I have heard no reports of demand increasing. So why the 30 cent increase in one week? Also stations increase price once maybe twice (up to 10 cents) on the SAME fuel in their tanks, before the delivery truck comes. What is up with that?
Capitalism only works in a free marketplace. Seeing how most of our oil comes from O.P.E.C. which arbitrarily sets limits and prices, it's not a true open marketplace. They use our system against us.