Friday, July 25, 2008

Gas pains

The Enquirer has breathlessly posted the final installment of its gas price analysis, which makes the following statements:
An Enquirer analysis of daily gas prices at 716 area stations in May and June, and interviews with dozens of dealers, consumers and experts, finds that competition is still the No. 1 factor influencing how prices are set.
Retailers say they usually follow the leader when it comes to setting a daily price.
Competition means you challenge the leader, not follow it. Which is it? No secrets revealed here, as were promised. Is this the best that the Enquirer can do?