Current Events

[melvin_udall]

The price of gas. "It's the oil companies!" You hear that every year at the same time. One small problem:
Yesterday, the price of premium crude oil briefly hit a record $78.77 in New York trading while gas prices have fallen from a record $3.20 a gallon in May to $2.86 yesterday afternoonHow can that be

Comments

[melvin_udall]

Perhaps at this rate, we'll hit <$2.00 by October.

That's the usual pattern.

I'm not an economist by any means so I wonder why it is that gas prices are falling when the price of oil is increasing. It often seems I went into to the wrong business.You really should read the posts, if not the article, you know