Divergence of gasoline prices at different outlets suggests economic rationality is declining, noise swamping signal.
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Replying to @St_Rev @gabrielduquette
oil price is and always was notably impure as signals go -- the noise is a lot noisier lately
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so much sovereign influence on supply, for one, not to mention all the price supports
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Replying to @schakalsynthetc @gabrielduquette
He's claiming that gas stations across the street from each other are charging very different prices.
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But that doesn't really explain why you can get cheaper gas in BFE than in town, these days.
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Same reason vending machines cost 3x as much in hotels. But, again, across the street?
1:56 PM - 19 Nov 2016
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.