12 ms·
Which is another feedback loop, high cost, shrinking demand, shrinking supply, rising cost. Also oil has high fixed costs. Stations, tanker trucks, refineries.
by JulianMorrison 4y ago
Which is another feedback loop, high cost, shrinking demand, shrinking supply, rising cost.
Also oil has high fixed costs. Stations, tanker trucks, refineries. Fewer customers carrying them means they rise as a percentage of purchase price.