16 6 / 2008
Answer (test) this? Why is the price of automobile oil lower then gas?[a none QA rant]
Oil per barrel is at an all time high. How is it that the same oil used to make gasoline is sold at auto shop stores and gas stations throughout America (and in other countries) at a consistent price (sometimes at discount), while gas prices rise with the price of oil? I have no answer for this, so I sit puzzled at this strange price mechanism, glaring at it like a jumbled 40-foot Rubric’s cube.
This price discrepancy raises another question. Why are the rules that apply to price speculation and market regulation set to early industrialization models? These rules are out dated and need to be revisited to reflect current modern price structures for a global economy - so that when speculators raise the price of gas, they have to raise the price of gas for real tangible reasons, like supply and demand. I’m not an economic wunderkind, but this seems like common sense to me.
I offer this rant only because of my career, which requires me to travel by car some great distances. I am feeling the pinch, and it is getting tighter and tighter by the day. I love tech and I love science, and it amazes me that economics (which many consider a science) is more like an endless, wild roller coaster, thundering into the abyss without safety harnesses, or an emergency stop button.
