Quote:
Originally Posted by KenUDiggit
Since I don't know too much about economics, has the supply really dipped down or has demand shot through the roof?
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The supply is there - just not being released by OPEC. Basically it is greed on the part of MANY different entities involved in oil and gas. Oil companies have been posting ever increasing record profits - and the state and federal governments are LOVING these high prices because it means more tax revenue. Unfortunately all other aspects of the economy are hurting - obviously consumers/drivers are hit hardest but also tourism since people won't be traveling as much.