Quote:
Originally Posted by Michael
What we are still seeing here is about a 10 to 15 cent drop in gas prices at the pump, which still does not equal percentage wise the drop in the price of a barrel of oil.
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Right, and that 10-15 cents could easily be wiped out by news tomorrow, and speculators decide to fiddle some more. And, if I owned a gas station, why drop prices when people are paying through the nose? The base oil price drop won't necessarily mandate a drop in gas price at all.
I am just not buying this $100/barrel stuff. I mean, yes, I know that's the price, but I am not buying that the costs of oil have suddenly skyrocketed. It's not like we're down to the last five drops. I accept that we'll never see $1.25/gallon again, but come on. Gas
should be roughly $2.00.