iconchrono

I'm so glad someone brought up price elasticity. I think that has ALOT to do with the high price of gas, and the reason it will never go below $3 (assuming we don't have severe de-inflation of the dollar, heh). I remember for the longest time when we were just breaching $2/gal. financial analysts were commenting that as the price was rocketing up, demand was still increasing. The oil companies realized they were shooting themselves in the foot by selling so low just as OPEC happened to r