Quote:
Originally Posted by GO DAWG GO
John,
Gasoline prices have also increased over the last few months proportionately with crude prices. 3 months ago, regular in LA was $1.70 a gallon and now $2.30 with crude stable below $40.
Isn't this kind of the inverse to supply and demand?
Bob
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Apparently they are making less gas out of this cheaper oil and lessening the supply..
When it dropped to its $1.70 low - it was due to oversupply and was even cheaper than the price to produce it.
It really is time for a gas tax. We would all like to see a recovery in the economy - but using way less oil moving forward would be a good thing. The SUV and pick'im'up truck craze needs a final nail in the coffin.