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Price of oil drops and price of gas rises
Message
From
12/09/2008 22:08:29
 
 
To
12/09/2008 17:43:16
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01347217
Message ID:
01347296
Views:
16
The reason for rise in gasoline price is very simple and it was described in all business articles today, e.g. this
http://biz.yahoo.com/ap/080912/oil_prices.html
The unpleasant truth is that USA didn't build a one new refinery since 1975, therefore temporary stoppage of few causes immediate rise in gas prices. It has no correlation to oil prices..

>Try 3.61 yesterday and 5.49 today:
>
>http://www.fayobserver.com/article?id=304420
>
>Crazy. Panic and price gouging. The governor has outlawed it, but hey, they'll get what they can while they can...
>
>
>>I have noticed the same thing here. Gas is up to 3.99 again even though oil prices continue to drop. And the record profits continue, and some think that's just fine. Grrrr.
>>
>>>Seemingly unrelated, but it still smells bad to me...
>>>
>>>http://money.cnn.com/2008/09/12/markets/oil/index.htm?cnn=yes
>>>
>>>http://www.wral.com/news/local/story/3536058/
Edward Pikman
Independent Consultant
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