+165

If you think about it, the news media has a lot of influence towards gas prices. Phase One: News media makes announcement that gas prices are going to rise and suggest that people go fill up before it does. Phase Two: People rush to the stations to buy gas. Phase Three: Demand rises, supply stays the same. Phase Four: Gas prices go up to lower the demand. Thanks, 5'clock news. Amirite?

95%Yeah You Are5%No Way
StickCavemans avatar
Share
2 2
The voters have decided that StickCaveman is right! Vote on the post to say if you agree or disagree.

"supply stays the same."

I might be taking this the wrong way but... It's kinda non-renewable, eh?

Runys avatar Runy No Way +1Reply
@Runy "supply stays the same." I might be taking this the wrong way but... It's kinda non-renewable, eh?

I'm thinking in short term conditions. The news media's impact is for let's say up to a week after they report that gas prices will rise. In that week's time, the supply of gas probably isn't going to change much.

StickCavemans avatar StickCaveman Yeah You Are 0Reply
Please   login   or signup   to leave a comment.