"Joe,
I was just curious, as of today the price of oil went down to $74.54/barrel according to Reuters. At the same time last year oil was $75.57/barrel according to the Energy Information Administration.
However, the average US price for gasoline today is $3.15 versus exactly one year ago the price for gas was $2.26. (Using the same information sources as above.)
Why can't someone see that? Are we happy gas goes below $3.00/gallon? Why don't the stations drop their prices as quickly as they raise them? I know greed and all that but come on!
I know you don't have the answer but just wanted to point out the facts for the readers to see.
Keep up the good work.
Jay"
Dear Jay:
That's easy. Just ask Frank Kratovil. You're paying for his ELECTION, that's why. Hence the Kratovil Signs posted at those Kratovil Gas Stations.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
oil prices by the barrel do not directly reflect prices at the pump. they are not directly related. it is more complicated than that. and i do not fully understand it.
ReplyDeleteGas prices also take into account inventory, refining capacity, and all of those different blends required by law. Heck - if you want to cut the price of gas significantly, just make one blend of gas for the entire country.
ReplyDeleteWell gosh, geez! We could also throw the criminal elements of our own government into prison for treason. That might help a little.
ReplyDeleteWhile I agree with you, the crude price on the market right now is for November delivery. You are still paying for more expensive oil that was traded last month.
ReplyDeleteBULL CRAP !! Let crude prices go up 30 to 40 dollors a barrell and watch what happens to the pump prices immediately !!
ReplyDelete