Gas Stations Benefit from Lower Gas Prices

83467069 Conventional wisdom is says the higher the price of something, the more of a profit one should make off of it, right?  Well, in the case of gasoline, that’s just not so.  According to USA Today (via Wallet Pop)…

“Guess what? They’re making substantially more money at $1.89 (a gallon) than they were at $4.29,” says OPIS chief oil analyst Tom Kloza.

So how come people aren’t screaming at the oil companies now?  Because most people are stupid…

(Read the article in it’s entirety here)

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Filed under Energy, Oil, Spending money

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