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Buffalo Bob

Joined: 07/22/2014 Posts: 17543
Likes: 6647


I don't understand how gas prices are determined. At $30 a barrel.


Oil is less than 1/3rd the cost it was when Gas was at it's high price ever.

If gas vs oil prices were linear, I would expect gas to be under $1.30 per gallon.

(In response to this post by Portland)

Posted: 01/13/2016 at 11:12AM



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Current Thread:
 
  
I'll never understand the oil market. -- Portland 01/13/2016 10:00AM
  Yeah, the price of oil isn't what -- buffdad 01/13/2016 11:37AM
  Largely true -- buffdad 01/13/2016 1:36PM
  Mark it up to greed -- buffdad 01/13/2016 10:09AM
  How about the greed of the airlines who continue to -- buffaloaded 01/13/2016 10:24PM
  Greed by the Saudis who continue to -- buffaloaded 01/13/2016 10:22PM
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