Gasoline pricing

A few weeks ago on this blog, I wrote about the psychology of gasoline pricing.   At the time, prices were approaching 4-dollars a gallon.  I predicted it w0uld follow the same pattern  as they have many times before.  Oil companies raise prices, then back off.   Now that prices are down about half as much as they went up, people are happy to be paying less but forget how much less they were paying before the current rise began.  It’s a triumph of applied psychology.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: