[Iscool]

Yep. Sad how few understand this, as they beg and/or demand that the gov't "do something" about "price gouging". In a free market, these sorts of issues take care of themselves.

As I understand it, the freemarketeers feel there is no such thing as gouging in a free market...'If you own it, you set the price'...

Seems at one time, our gov't came up with laws that prevented this from happening by allowing (and demanding) competition, thus preventing monopolys to exhist as they currently do in the oil business...But the monopolys bought the gov't...

So what's the recourse???

Guess we'll just continue to pay the price, on our knees...

[Pessimist]

"thus preventing monopolys to exhist as they currently do in the oil business..."

The root of the word monopoly is "mono" - one.

There are many oil companies.