Sunday, October 21, 2012

Who controls gasoline prices

As I watch the gasoline prices drop, I wonder if those who blamed Obama for an increase in prices are  giving him credit for the drop.  I doubt it, because the latter is just as unrealistic as the former.

"In the end, supply and demand is causing prices to moderate once again."
Sharon Epperson, CNBC, 2012-10-18 via Yahoo Finance.

In other words, free market proponents are all for free markets when markets work to their benefit, but they blame someone else when markets work to their detriment.