Re:U.S. Gas Prices Have Fallen for 50 Straight Days
by olliej on Wednesday August 03, 2022 @07:46PM
(#32337746)
You might have noticed that the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do?
https://www.ers.usda.gov/webdocs/publications/42300/15259_ai...
Re:U.S. Gas Prices Have Fallen for 50 Straight Days
by JumpCrisscross on Wednesday August 03, 2022 @08:01PM
(#32337840)
> the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do?
To the degree milk is price regulated in America, it is with respect to a minimum price [1]. We subsidise exports to raise the price of milk.
Gas is competitively extracted and competitively refined. The price is high because crude surged and we don’t have many refiners and nobody in the West wants to invest in production because there is a good chance it will be banned or supertaxed soon. Broadly speaking, any time you think the reason for gasoline’s price movement is conspiracy, apart from OPEC, you’re probably wrong.
[1] https://www.ers.usda.gov/webdocs/publications/42300/15268_ai...
In practice this means the government paying for gas, as every gas subsidy the world over shows. (Also, since when did milk become a necessity or price controlled?)