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Gouged at the Pump Again

In our capitalist system, we are told that prices fluctuate based on supply and demand — when supply goes down or demand goes up, the price of the commodity rises. Theoretically, that’s supposed to happen when the reverse occurs and supply outpaces dem…

In our capitalist system, we are told that prices fluctuate based on supply and demand — when supply goes down or demand goes up, the price of the commodity rises. Theoretically, that’s supposed to happen when the reverse occurs and supply outpaces demand. Theoretically. If that theory worked, the populace wouldn’t be getting so mercilessly fleeced right now. More

The post Gouged at the Pump Again appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by George Ochenski.


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