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Posts tagged “price manipulation”

By Robert Rapier on Jun 10, 2007 with no responses

Gasoline Prices Part II: Long-Term Factors

Introduction In Part I, I discussed the short term factors that have resulted in the recent, rapid increase in the price of gasoline. But there are a number of underlying, long-term issues that have been major contributors. I will attempt to address them and answer a number of related questions, such as: Why have no new refineries been built in the past 30 years? Are U.S. refineries breaking down more than normal? Are oil companies purposely withholding supplies to keep prices high? Have environmental regulations played a role? Does the use of ethanol influence gasoline demand growth? The answers to some of these questions may surprise you. Please note that my essays should not be confused with financial advice. Following… Continue»

By Robert Rapier on Mar 1, 2007 with no responses

The FTCR Slander Continues

I have written previously about the Foundation for Taxpayer and Consumer Rights (FTCR). You can see a list of these essays here. Their web site states: FTCR is a non-profit, non-partisan consumer watchdog group. We fight corrupt corporations and crooked politicians every day. Now that sounds like a noble goal. That is, until you start to dig a little deeper, and find out that “corrupt corporations” too often means “we are paying too much for gasoline, and it must be because of corrupt corporations.” In fact, they have stated that they think gasoline should be under $2.00/gallon for everyone. They seem to feel that this is some sort of a birthright for Americans. Given my often-repeated mantra that we need… Continue»

By Robert Rapier on Sep 18, 2006 with no responses

No Price Manipulation

I have lost track lately of the number of people who think oil companies are deliberately dropping prices in order to influence the election. I have close ties to the product pricing group, and I can tell you that these assertions are ludicrous. In fact, I mentioned these conspiracy theories this morning in a meeting, and everyone had a good laugh. But one person asked “Don’t people understand how oil and gas are priced?” The answer is, “No, they do not”, so we have this disconnect. I have intended to write a post to address those who insist that gas prices are tied to the election, but I know that there are people who distrust me merely because I work… Continue»