Originally Posted By: grampi
The oil industry does this every time there's a natural disaster...bad times for consumers are good times for the industry to increase profits...
Wow, a disaster of biblical proportion, people drowning in the streets, literally, thousands or more losing everything, and some people worry about a couple of extra dimes on a gallon of gas for a few weeks ( which is dirt cheap compared to say, milk, or bottled water ).
FYI, motor fuel is typically priced at replacement cost. When the cost to replace inventory goes up, the price goes up. When the cost to replace inventory goes down, the price goes down. I only know of one chain locally that prices on the basis of what they paid for the fuel in the ground. They are always too high or low on price, and it must be an accounting nightmare.
Of course the industry sits around and licks its greasy chops, and squints its beady eyes, at the thought of human tragedy on a grand scale, just so it can make a few extra bucks. They're not run by people, they're run by red skinned night beasts with horns and pointy tails.