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Reply #17: No, the equilibrium IS the higher price. [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

Inland

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-30-05 07:11 AM
Response to Reply #13

17. No, the equilibrium IS the higher price.

I don't think the market for gasoline is irrational. Opec intervenes in crude, but the market thereafter is pretty classical supply and demand. None of which the consumer cares about: he wants LOWER prices, and is worried about his finances, and all the talk about equilibrium and supply and demand don't comfort him at all.

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