Is it really supply and demand?
The FHWA’s Traffic Volume Trends report, produced monthly since 1942, shows that estimated vehicle miles traveled (VMT) on all US public roads for March 2008 fell 4.3% as compared with March 2007 travel. This is the first time estimated March travel on public roads fell since 1979. At 11 billion miles less in March 2008 than in the previous March, this is the sharpest yearly drop for any month in FHWA history.
Meanwhile, Oil Futures have been steadily on the rise but in the past week has begun to recede from it's highest level of just over $135 to around $128 per barrel.
Ironically yesterday I saw gas near my office for the first time above 4 dollars [actually listed at $4.03]. With demand decreasing and barrel prices falling, why does the price at the pump continue to rise? I am no longer buying the age old excuse of supply and demand because right now, those ideals do not hold water [or gasoline].
posted by TheWino @ 1:57 PM
3 Comments:
Helloooo? Unless your chart of ALL ROADS includes those in China and India, then aren't you just cherry picking your stats, Wino? This is after all, a global economy!
Maybe. But let's not forget 90% of all statistics can be made to say anything [50% of the time].
tory burch shoes sale hhdhhhom Cheap Tory Burch shoes barckfxl Tory Burch outlet online lrffkszy discount Tory Burch shoes txcmhwri Tory Burch outlet sale tersprho Tory Burch Boots ltapxhsu Tory Burch Flats pgzifcyu Tory Burch Flip Flops pjwcppla Tory Burch Handbags iutnpixp Tory Burch Heels uriqbyqe Tory Burch Reva Flats jkfyvbkm Tory Burch Sandals nkaejyzq Tory Burch Wallets bntrvweq Tory Burch Wedges dqxcunkc
Post a Comment
<< Home