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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: D. Long who wrote (36792)	8/10/2002 2:26:02 AM
From: Karen Lawrence	Read Replies (2) \| Respond to of 281500

I refer to CA because we were hit hardest and criticized most and that's where I lived. The prices did increase from 30 cents to over a dollar, stabilizing just under a dollar but never to return to 30 cents, a 300 percent increase. The independents were driven out of business because they couldn't get supplied during the "shortages". Where do you get $12 being charged for a gallon of gas in 73? That must be an urban legend, but it's no fact. Again in 78 the price of gas increased to almost $2. The price was not being suppressed. What the market could bear was charged. You defeat your own argument when you suggest gas prices were $12 a gallon in 73. That would have been a whopping 4000 percent profit for the oil companies, a golden goose they'd hardly kill. What were you saying about economics? It's business, D.Long, business as usual.