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.