JollyRoger
Shared on Fri, 09/12/2008 - 13:56Gas prices in relation to oil prices?
Can someone explain this to me? I understand the rise in gas prices, when oil went up to over $140. But why is it that now oil is back BELOW $100 and gas (even before the Ike "hike") still hovers at $3.45/ gallon? Why does it take gas so long to come down in price vs.going up in price at the speed of light? I'm just wanting to gain knowledge as to how gas prices work. Comment away. Again, do not take Ike into consideration. Before Ike, gas was right at $100 and gas was not coming down at all.
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JR
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