Home >> May, 2007

The "cost" of supply and demand

Posted on: Thursday, May 24th, 2007 in: Editorial

Congress stepped up to the plate to tackle the issue: "Are the gas companies shafting us?"  With prices at an all-time high and reports of CEOs of oil companies making hundreds of thousands, it’s a natural question.  However, the question neglects a very important fact: when demand goes up, so must cost.
In today’s editorial, I’ll discuss why prices are so high, why it’s everyone’s fault, and why not purchasing gas on one day can does nothing to the oil company and only ends up hurting the community.