Oil Prices are Going Down but Why Not Gas?
Monday
Aug 11, 2008
If you haven’t been reading the news lately, the oil price in the crude oil market are slowly going down. But while that may seem good news, you may be wondering why the local fuel companies are not doing the same as far as oil price rollbacks are concerned.
One of the things is because they are making sure that the price rollbacks are for real and not just a sudden turn of events. Indeed it would make sense. Decreasing prices for a week and then jumping them up again can drive the consumers crazy. But in all, assigned analysts should be able to note if such market fluctuations would arise and hence be a cause for another round of price hikes that can be a cause for alarm.
As far as the current trends of the oil prices are concerned, the way things are going seems to be a big sigh of relief.
On another note, it is also about trying to regain losses from the series of price increases that had to be done. One thing you should note is that losses during the transition stages and delays of price hikes are high. They are not just a matter of loose change. Imagine the number of consumers in need of fuel and you can determine how much was lost.
But proper auditing of their books should be done. Some may be abusing and using this as a ploy to profit which is entirely foul. Consumers have moved on by taking alternative measures but this does not mean that they don’t care about stabilizing fuel and oil prices. Just like most people they would want to use their own means of transportation once again and use the standard way once more.
Let us hope that oil companies do not use this as a means of earning from changing trends. If auditing shows they are, such a shameful act should be penalized!
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