Re: Gasoline price manipulation?
On Oct 7, 2006, at 7:02 PM, jthorn65@sbcglobal.net wrote:
1) Why is the drop in crude oil prices ~20% but the drop in
gasoline prices ~35%?I haven’t checked that these amounts are accurate nationally but
gasoline costs where I reside are indeed only 2/3 of what they were in July. I went from paying $3.05 to $1.96
although the price this last week has rebounded a small amount to $2.06.
According to Energy Dept stats - and of course they may be in on the
conspiracy - oil prices are off 24% from their peaks (daily prices,
WTI), and gas prices, 24% (weekly prices, all kinds).
Doug