I might be wrong, but didn't there used to be laws regarding PROFITEERING?
Also, and re this I might also be wrong, but how would you like to be the proverbial FLY ON THE WALL of oil company board rooms, where decisions concerning which refineries will be closed are made, this respecting the shortage of REFINERY CAPACITY that we lately are hearing about, being a driving force behind price spikes.
Finally, there is one more thing that I've always been curious about. Fuel prices, believe it or not, go down as well as go up, and sometimes they simply go sideways. When they go up, they move like that proverbial rocket, while when they go down, they move sloooowly.
When one asks about this seeming discrepancy, they are told something about the need for things to "work through the system". Fair enough, but how come working through the system goes much faster re upward movement than it does respecting downward movement?
As a nearby Sunoco station, don't know if it's "company owned" or a private operation, regular grade was priced at 2.50/gallon, rounded off to the nearest whole cent on Monday. Yesterday afternoon, the pump price was 2.60, and this afternoon, it was 2.86. By the way, the above price movements applied to what I strongly suspect was gasoline already in the astation's tanks.