Wednesday, March 30, 2005

COM: Gutless, greedy . . .

In the pantheon of things that really tick me off is this:

When oil-by-the-barrel prices go up, we see a jump at the pump within 24-48 hours.

When oil prices go down, there is a two-week lag time before the consumer shares.

This can be nothing but profit-grabbing of the most insidious kind.

And that's why the Dow jumps at news of oil prices deflating -- there's is a huge skimming going on.

From CNN.

And other commentary on gas prices at OffTheKuff.


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