Posted by VADAVE on November 14, 2007 at 09:13:27 from (149.32.254.242):
In Reply to: Re: GAS/DIESEL prices posted by jdemaris on November 14, 2007 at 06:18:19:
Why do you think we have artificially low fuel costs? When this latest round of fuel price increases started the statement was made that the traders on the commodity exchange were driving the price. Shoot the first round was driven by the traders. The oil companies have started setting their prices based on the prices on the exchange NOT what they paid for oil. Remember very little of the world's oil and gas is sold on the exchange.
Do you suppose the cost of food in the grocery store is artificially low also? Do you really think if we raise the price of food the farmer will see any of the increase?
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