What's With These Stupid Oil Companies?

[PittsburghAfterDark]

I don't understand. I really don't. 45 days ago I was paying $2.99 a gallon for gas and when I filled my car today the price was $2.17. I don't get it! Why would they lower their price 82 cents a gallon? They had shown they could get away with being greedy and record record profits doing so why would they lower the price?

How can gas possibly go down 25% or more in 45 days? Why don't they keep being greedy and make more money for their executives? I fail to see how they can be so stupid. Obviously someone needs to be fired they're not doing the right thing by the big oil companies, executives and stockholders.

 

[evanft]

Maybe demand went down because of such high prices, so they lowered them?

 

[kakomu]

[quote name='PittsburghAfterDark']I don't understand. I really don't. 45 days ago I was paying $2.99 a gallon for gas and when I filled my car today the price was $2.17. I don't get it! Why would they lower their price 82 cents a gallon? They had shown they could get away with being greedy and record record profits doing so why would they lower the price?

How can gas possibly go down 25% or more in 45 days? Why don't they keep being greedy and make more money for their executives? I fail to see how they can be so stupid. Obviously someone needs to be fired they're not doing the right thing by the big oil companies, executives and stockholders.[/QUOTE]

People probably stopped buying gasoline when it was over $3 a gallon, and people flocked to the stations when it would go down to 2.79. They probably realized they could get more money with intermittent gouging.

 

[evanft]

There it is. Hit em hard for a while and then bring the prices down as soon as people get sick of it. Then they'll think the lower price is great, even if it's much higher than what they were paying a few years ago.

 

[Msut77]

PAD=Rushbot?

>>How can gas possibly go down 25% or more in 45 days?

My guess is that W begged them to.

 

[Metal Boss]

Whats with this stupid poster?

 

[Drocket]

[quote name='Msut77']My guess is that W begged them to.[/QUOTE]
I suspect it also has a lot to do with Congress taking a look at the oil industry. Record-breaking profits at a time when a lot of people are feeling hurt by high gas prices has attracted a lot of unwanted attention to the way that the oil companies do business. Even the extremely conservative congressmen are finding it hard to look the other way with regards to grotesque profits when their constituents are getting angry and upset about high gas prices.