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12 February 2013

'Monopoly math'

Here's a note from a reader, asking why we haven't done more with the run-up in gas prices. We need to grab a few wire stories to document the price rise and whatever causes they choose to attribute it to (weather, a single refinery being down for repairs, thus causing U.S. gasoline prices to spike, whatever), but I have a hard time putting local reporter time into these types of stories. There's no local explanation, past a certain point, for gasoline prices going up and down. (And frankly, you won't see many news organizations doing stories when prices go down sharply, other than to attribute it to Obama price-fixing during the 2012 campaign.)

 

So why aren't you running articles on the monopoly of oil and the profit taking.  Prices rise a dime a week or less and the P-B is silent.  No, it's not the refineries being off-line for maintenance. It is simply monopoly math.  Let's see a real earth-shaking article on this.

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