Re: OIL; Just to know

Posted by john in la on September 16, 2005 at 15:56:51 from (68.222.28.164):

In Reply to: Re: OIL; Just to know posted by Paul in Mich on September 16, 2005 at 08:45:25:

The problem with oil companies and the true Capitalism works every time statement is supply.

I can show you where some smaller companies have been trying to charge .10 to .25 a gallon less the past few days but the gas is not available.

Gas is sold at a rack on exchange basis. You own a loading rack in Mich. and I own a loading rack in La.
Buyers of my gas can load at your rack or mine.
Buyers of your gas can load at your rack or mine.
At the end of the month we figure who owes who what and transfer it.

The problem comes in when you want 1.75 for your gas and I want 2.00. I just cut your allocation at my rack forcing buyers to buy my higher priced gas.

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