SNIP>
>Well yeah, I guess you can call it that. But What are you gonna do? :(
>Weren't there a congressional hearing on this with bunch of Gas co. Execs? I guess it was another and grand standing to make it look like they cared.

We seem to have lost our will or our capability to do anything about it, that's for sure. Sad!

>
>>4) I don't think we saw prices go below cost once they settled back down. Woudn't that be the logical extension of what you describe as the problem, if it was to actually make sense?
>
>Well it takes longer for the price to go down because they still have to recoup the money they invested on their inventory. Once it runs out, say in ... one week or so, the price should go back down.

So on the one hand they raised their prices IN ANTICIPATION of higher costs next time they bought supply, but then they have to wait to recoup their costs for the money they "invested" to get the higher priced supply.
I can't make the logic hold by any means other than confounding people to (falsely) justify excess profits.

>
>But I don't think we'll ever see 1.00/gallon ever again.

For sure! But based totally on greed and nothing more.