Quote:
Originally Posted by Simon Wolf
The gov't would have to prove collusion, which is very difficult (last major case they actually won was Christie's/Sotheby's). But if the major oil companies all do it without talking to each other, there's no collusion.
|
Federal government drops the tax 18 cents a gallon. Why would all of them raise their price 18 cents a gallon without discussing it? If Sunoco raised it 18 cents a gallon, all the others could raise it 10 cents and take their business.
That means Sunoco would have to go down to their range, which means they can go down to 5 cents a gallon more, etc.
It is called economics.