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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (6378)	4/19/2008 9:55:15 PM
From: Elroy Jetson	Respond to of 71475

It's not like refineries simply forgot to raise the price of their refined product. Refinery margins have collapsed due to competition. Gasoline hasn't risen in price in line with crude oil because there is a relative over-supply of refined products. Raise gasoline price more and lose market share. This situation is analogous to the situation a few years ago when gasoline prices were rising far faster than crude prices, and continued to rise when crude prices fell. Some need to keep in mind as well that few refinery costs have risen as fast as crude oil. It's not like capital or labor costs have doubled. .