Can you say PRICE MANIPULATION, 'murkn?
Related: Murphy's Law of Supply and Demand
"Crude, gas prices up ahead of holiday" by Associated Press | May 19, 2009
SIOUX FALLS, S.D. - Energy prices resumed their climb into summer driving season yesterday, a show of confidence that Americans will overlook dismal economic news as they head out on their Memorial Day weekend trips.
Don't count on it. I'm not going anywhere, and I'm spending even less.
Retail gasoline prices inched up again overnight to a new national average of $2.31. A series of reports calling for even less global energy demand last week undercut optimism that a widespread economic recovery was imminent.
But the homebuilders.... sigh.
