Oil Down 50%. Gasoline Up 100%

Discussion in 'Politics' started by Bear12feet, Aug 18, 2011.

  1. Bear12feet
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    Bear12feet Member

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    I think in June 2008, Crude Oil was $147 per barrel.

    Today Crude Oil is $83 per barrel.

    Why is Gasoline 100% higher when international crude oil price have fallen 50%?

    Today Gasoline must be $2 per gallon because international crude oil price have fallen 50%.
     
  2. edthecynic
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    edthecynic Censored for Cynicism

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    Because there is no such thing as "Free Market Capitalism." There is only MONOPOLYISM.
     
  3. Bear12feet
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    Bear12feet Member

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    This is serious high inflation. Thanks to Obama but everybody is sleeping.
     
  4. uscitizen
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    uscitizen Senior Member

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    How do you think the economic growth is happeneing anyway?
    The market is saturated so we have to pay more for what we already buy to grow the economy.
     
  5. Rat in the Hat
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    Rat in the Hat Gold Member

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    Because nobody stops the bullshit pricing tactics of the gas stations. Why are they allowed to raise prices on gas they already paid for that's in their tanks? Why does every station in town raise their prices the same amount on the same day?
     
  6. Bear12feet
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    Bear12feet Member

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    International crude oil price have fallen 50%. Can you understand simple english language?
     
  7. CoolBreeze
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    CoolBreeze Momma if you could see me

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    It's another big oil comspiracy to drain our wallets.
     
  8. uscitizen
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    uscitizen Senior Member

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    That is where the drill baby drill mantra is taking place, in our wallets.
     
  9. Conservative
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    Conservative Type 40

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    Price is set on current market value of a commodity... not what was paid for the current stock. All commodities work this way. Fuel prices are simply more... liquid than most.

    Current cost of crude is only 1 factor in the price of refined fuel.
     
  10. uscitizen
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    uscitizen Senior Member

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    Yep speculators are a big factor in the price of any commodity like gas or food.
     

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