oil was 150.00 a barrel gas was 4.00 oil down over 100.00 gas should be 79 cents.!!!!!!!!!!!!Oil prices down, 37.00 a barrel, gas still around 2.00 a gallon... WHY???
60 Minutes had a great piece Sunday night about the gas price gouging and it is the speculators that control the price of our gas right now...it has nothing to do with supply and demand. We have been lied to again.Oil prices down, 37.00 a barrel, gas still around 2.00 a gallon... WHY???
Refineries are in repair cycle at this point and some people are holding stocks of oil at the sub-$40 level on speculation that the correct base price for a barrel of light crude will climb in the next months. You should follow RBOB contract for a better indication of gasoline prices than the crude oil per barrel price.
The government and the environmentallist want the price to remain high so watch for more taxes to be added on to keep the price up.
Cost of refining, manufacturing gas from the oil.
Israelis War on Gaza
because petrol companys enjoy price gouging
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