46% Spike In Gas Price Just Doesn’t Make Sense
This conjunction of abundant supply and low demand should translate into cheap prices. But that isn't the case right now. “The fact that oil is over $50 per barrel, much less close to $60,
doesn't make sense in a pure supply and demand market,” said Judy
Dugan, who tracks oil prices at Consumer Watchdog, a public interest
group in Santa Monica. “It's scary to think that if gasoline can go up this much in a
completely collapsed market like this, when businesses are shutting
down and people are being thrown out of jobs and economizing in every
way, how much will it go up when the economy recovers? $4? $4.50?”
Dugan said.
