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To: gidget7
Nobody has to have OJ to get to work, nor do they need to buy it in 10-20 gallons at a time

Irrelevant. Talking about profits and what it costs for a company to produce gasoline vs orange juice.

68 posted on 02/19/2008 8:15:33 PM PST by plain talk
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To: plain talk

It’s very relevant. Orange juice is not a necessity, it can be replaced with an alternate - water, apple juice, cola, whatnot.

Gasoline cannot.

You cannot pull into a gasoline station and say, “Hmmm, gas is a might bit expensive today, I’ll use diesel instead!”

Therefore, gasoline is an inelastic commodity. One will simply pay the price or go without. No choice.


72 posted on 02/19/2008 9:30:00 PM PST by gogogodzilla (Live free or die!)
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