Silly Economics from the South FL Business Journal

April 18, 2011 Leave a comment

I would call this “silly economics,” a close cousin of “voodoo economics.”  Of course, gasoline prices do not change instantaneously with oil prices, but there is a delay in transshipment, processing and local demand and supply conditions.

Despite lower crude oil prices, gasoline prices jumped about 3 to 5 cents a gallon in South Florida last week, according to the latest Fuel Gauge report from AAA.

Two more weeks of increases like this and the price for unleaded regular would average more than $4 a gallon.

via Lower crude prices don’t help at the pump | South Florida Business Journal.

Filed under Business and Commerce, Economy

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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