Why gas prices don't suck as much as they already do

http://articles.moneycentral.msn.com/News/AsOilNears100DollarsWhyIsntGas5Dollars.aspx

 

From the story:

No. No! NOOOOOOOOOOOOOOO!!!!!!

 

Never heard of Hungry Howie's. Paying for a pizza delivery? Forget it. Buy a couple of Digiornos.

 

Fuck Hungry Howie's. The pizza customer doesn't know or care what gas costs Hungry Howie's. Order pizza somewhere else.

This is a manifestation of the common economic misconception that higher production costs must always mean higher consumer costs (usually used in relation to pro sports franchise payrolls and ticket prices).

Of course the business owner would love it if all his cost increases were automatically passed on to customers, but life don't work that way. Joe Sixpack Consumer doesn't give a shit if the price of ground beef goes up 35% -- he's only going to pay more for a Big Mac if he can't get a comparable product cheaper.

 

Fuck this guy?



No thanks. Not my type. Although he looks like a "slurper" from the picture.

And do not insult the creator of Wacky Wednesday. A large for $3.99!

 

Pretty much everyone these days tacks on $2.50 or so as a delivery fee, which goes straight to the driver. So you've already been paying for delivery.

 

How can something not suck as much as it does?

I'm confused.

 

That story pissed me off more than anything. Is she suggesting we were being ripped off even more than we thought we were a year ago when gas prices were ridiculously high?

Because back then all we heard was "Gas rises in proportion to the price of oil."

Now oil is rising fast and gas isn't and the "expert" she quotes says oil will need to be $125 a barrel before gas is $5 a gallon, which is should be now if, as we were told last year, gas prices rise in proportion to oil costs.

 

Exactly.

 

because it could suck worse.

 

I saw an article out of Fort Worth, maybe on AP, but it was on the Fort Worth Star Telegram website, that this was all so that oil folk on Wall Street could get their Christmas bonuses.