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Newbie question about Oil prices

Latest post Tue, May 20 2008 11:09 AM by tggm. 0 replies.
  • Tue, May 20 2008 11:09 AM

    • tggm
    • Not Ranked
      Male
    • Joined on Wed, Jan 23 2008
    • Portugal
    • Posts 1
    • Points 5

    Newbie question about Oil prices

    Hello all,

    I have a lame question about petrol prices.

    Here in Portugal, in response to the raising oil prices, the oil companies have raised the Petrol prices a few times during this month.

    As a response, a chain-letter email, started circulating proposing a ban on buying Petrol from the top 3 companies for 3 ou 4 days. The e-mail claims that this will force the prices to drop.

    Now, this seems to me like a silly idea. I guess that only way to reduce prices would be to reduce consumption, but a 3 day ban would probably make people buy gas elseswhere or even filling the tanks 3 days later and the prices would remain as they were.

     

    Does this make sense? Or this sort of action is able to reduce prices in some way?

    thanks!

    • Post Points: 5
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