Why don't the crooks charge $250 a gallon?

in gas •  3 years ago 

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Well, I can see now a little glimpse of intelligence and curiosity in your eyes.

That is because pricing has nothing to do with corporations in a free market.

If one corporation sets a price of 250$ a gallon, another one will come in if they can produce and profit from selling for less, which means a lower price for you. The reason why this is not happening with gas and many other commodities is that these markets are heavily controlled by government and taxes.

Monopolies are always inefficient and very expensive.

Government is always the problem.

No exception.

Now you know.

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