Why hasn't the price of gas dropped to reflect the price of Oil. Oil prices are about where they were in 2000 when the average price of gas was less then $1.50/gal. It is now around $2.40. Higher employee salaries? Higher cost to refine? Higher Government taxes? Higher profits for someone? More time is needed to average out as higher priced oil is still in circulation?
And for years as prices at the supermarket sky rocketed, the blame was largely higher transportation costs due to gas prices. I have not seen a decrease in food costs at the supermarket. Why not? Because Winn Dixie or their distributers like bigger profits? Because higher prices did not decrease demand since everyone needs food and nearly 20% of America is on food stamps anyway?
And for years as prices at the supermarket sky rocketed, the blame was largely higher transportation costs due to gas prices. I have not seen a decrease in food costs at the supermarket. Why not? Because Winn Dixie or their distributers like bigger profits? Because higher prices did not decrease demand since everyone needs food and nearly 20% of America is on food stamps anyway?
