Sunday, February 26, 2012
6pm Sunday and the outlook is that the price of gasoline likely won't be cheaper tomorrow at the only gas station in Waikiki when a new day dawns unless. Unless, what? The oil companies are stricken with pangs of conscience. Heightly unlikely. What's more likely there'll be peaks of $5 per gallon come Summer at the platium gas pumps. A part of the recent spike in gas prices are due to the low value of the dollar or the exchange rate. A dollar doesn't buy the same amount it did last year. However, most of the price spike is due to market conditions, such as, China and India emerging into the modern age, but the driving force behind $4-plus prices remains the unwavering principles of supply and demand. We supply you the gas, and we demand that you pay high prices. If that offends you, you can go elsewhere to buy your gasoline. We know you'll be back. Mahalo.
Better viewed, Here. I've advance the video there. Mute background music on your own.