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.


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