Silly Economics from the South FL Business Journal

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.

About Stephen E. McGaughey
International consultant in economic development programs and projects

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: