Friday, October 17, 2008

Oil @ $71.85/barrel...

So, let me get this straight.

On July 11 the price of a barrel of oil reached it's peak @ $147.27/barrel.

The following week, national gas prices peaked @ $4.11/gallon.

Today, the markets close with oil @ $71.85/barrel.

This translates into a national gas price of exactly $2.00/gallon.

So, why is the current national price at the pump still @ $3.04/gallon?

Just askin'.

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