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Fluctuating Greed

Posted By Don Boudreaux On November 21, 2005 @ 8:23 am In Prices | Comments Disabled

Yesterday, at a gasoline station that I frequently use, I noticed that the price of a gallon of 87-octane gasoline is down 36 percent to $2.17 — down from $3.39 about six or seven weeks ago.

I guess this fact means that oil-company executives are 36 percent less greedy today than they were in mid-September.

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