M Thomas Boley Adjunct Professor

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M Thomas Boley Adjunct Professor - Economist's view on gas prices in Utah The...
Economist's view on gas prices in Utah The response I give my students students concerning gas prices in Utah may be helpful. Lack of competition: Small number of producers control the supply (oligopoly): Compare railroads in the 1800s, American automobiles before imports, the telephone service. Refineries can shut down without fear of competitors taking market. Brisk business in Utah doesn't grant price increases to other industries because they have competition. It is true everyday gas prices are based on the price of crude to the refiners some months earlier. Because refiners refiners all over the country have the same purchasing practice, this doesn't justify higher Utah prices. What can be done? Obtain from state and federal incumbents and candidates candidates for office a firm plan to rectify the petroleum issue. Encourage citizen and government oversight for and transparency of the petroleum industry including even local distribution systems. M. Thomas Boley, M.S., Salt Lake Community College, adjunct professor, Holladay

Clipped from The Daily Spectrum27 Sep 2006, WedMain EditionPage 6

The Daily Spectrum (Saint George, Utah)27 Sep 2006, WedMain EditionPage 6
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  • M Thomas Boley Adjunct Professor

    jmecham55 – 12 Sep 2017

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