Re: International Pricing Policy

"Nick Hodges (CodeGear)" wrote:
I.P. Nichols wrote:

I was referring to the cost of the crude oil feedstock used by the
refineries that produce gasoline.

Nothing is worth any more or less than someone else will pay for it.

There is no other economic use for crude oil but use it as oil refinery feedstock so who are these someone else that will pay for it. It's value is far less than oil refinery feedstock for some alternate use like burning it as power plant fuel.

Cost has nothing to do with that equation.

Since I'm referring to the aggrregate of the oil refining industry what equation are you talking about?

If you want to assert
something contrary to that, I suggest /you/ get to the library and back
it up. ;-)

You assert as fact that "Costs have nothing to do with price" so please explain the current situation where the price of gasoline closely tracks the cost of crude oil. For myself I don't need no economics to understand that it ain't just a happenstance :)

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