Quote:
Originally posted by MagiK:
Yes and as we all know, price at the pump has nothing to do with supply. Gas that the owners of stations buy at one price gets the price raised before the owner even has to buy at the new price...the whole petroleum distribution system is pretty corrupt...at least in my opinion.
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I agree. Apparently Phillips Petroleum has allowed its Southwest reserves in Arizona to be completely drained. I would bank on any price increase at the pump partially helping them to fund resupply, above and beyond normal inventory turn rates, of this reserve.
[ 04-08-2002, 05:02 PM: Message edited by: onthepequod ]