Divergence of gasoline prices at different outlets suggests economic rationality is declining, noise swamping signal.
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that makes sense. afaik gas price stability is almost purely consumer info driven thing
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so if discipline by demand slacks off for some reason a visible uptick in craziness is about what we'd expect
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contrasted w/commodities w/prices more tied to cost of production: if those go nuts that's sign of sth far weirder
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my guess would be "people don't feel that they can predict the future" is most of it
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.