3 ms·
How are they gouging? America does not import a lot of oil from Saudi Arabia. According to the EIA [1] Saudi Arabia's share of the US imports is 5%. Is Saudi Ar
by credit_guy 4y ago
How are they gouging? America does not import a lot of oil from Saudi Arabia. According to the EIA [1] Saudi Arabia's share of the US imports is 5%. Is Saudi Arabia supposed to sell below market price? What exactly should they do to not be guilty of "gouging" in your eyes? And do you think that if they do that, it would have any impact on the consumer, given their 5% share?
[1] https://www.eia.gov/tools/faqs/faq.php?id=727&t=6 https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
- melling 4y agoSaudi Arabia is only gouging people in New Jersey $3.80 a gallon. Wonder why we get a different price? Funny how people don’t understand the world in which they live.