It doesn't make a whole lot of sense to me. It's hard to tell at what point consumers will start to balk. It defies the laws of economics.
More Quotes from Peter Beutel:
They have at this point ceased to be a meaningful cartel at these prices, ... The only reason they hold these OPEC meetings is have an excuse to get out of their own countries, go to Vienna and go on a shopping spree.Peter Beutel
Right away, nationwide, we're going to see an increase of gas prices of 12 cents. We'll see it almost everywhere by Tuesday. In addition, sometime between St. Patrick's Day and the end of the month, I expect to see an additional 12 cents. This is extraordinarily bad news for the consumer.
Peter Beutel
It doesn't make a lot of sense to me. With what's been going on the past few days, it's hard to see a solid reason why prices should be higher today. It's disturbing.
Peter Beutel
We don't know how much of the refinery is down or for how long. But not to negate the human tragedy, it happened at the worst time of the year seasonally. And it happens at a time the market is nervous and looking for reasons to go higher anyway.
Peter Beutel
Price declines could be slow this week, maybe with a bubble burst at some point in the future. It does appear we've turned the corner here in this market. I don't think we'll see prices at these levels again anytime in the next five years.
Peter Beutel
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Law & Regulation Quotes, Sense & Perception QuotesBased on Keywords: balk
I think it is fair to say that it is under a great deal of stress, and if I am asking for significant changes, it is because the world is going through significant changes.
Mohamed ElBaradei
Fishing, with me, has always been an excuse to drink in the daytime.
Jimmy Cannon
Cease to be a drudge, seek to be an artist.
Mary McLeod Bethune