At long last, the oil companies finally conspired today to get gas prices down below $3/gal. today.When the executives get together to set the price do they do it on a conference call? Maybe they do it through their daughter's IM accounts? Maybe they text message each other? Maybe they do it like the movie Trading Places and get some clandestine schmuck to deliver the word?
What I don't understand is how and why they ever get together to actually drop the price?
Actually, I know what it was; it was all those guys that boycotted gasoline on May 15th. It took almost a month, but at least the oil company guys got the message. We are no longer going to buy gasoline on May 15th ever again unless they decide to drop the price.
Gotta go... I need to call my broker and tell him to buy more Exxon/Mobil before it splits.
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