dlwhawaii wrote:
If I own a gas/oil company and I can make $3.50/gal with a profit, why can I not make $4.50 or $5.50/gal? Do you really think Biden is responsible for high gas prices? If so, the Haleiwa Bridge is for sale.
Either you have no idea of pricing structure in a free market economy, or you have no concept of supply and demand.A Company cant raise it's price more than the market will bear, or competition will overtake it;s market share. And the balance between supply and demand sets the appropiate pricing. Government intervention can have effect _good, bad, or neither. So presidential policy can most certainly influence pricing. By increasing (or decreasing) drilling (supply) regulations has its effects on supply, hence price. It is quite obvoius you have naver taken business 101. If you did, you didn't learn the basics