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News reported last year bbl oil $63, gal gas $3.20- today, $126/$4 - Why not $6.40 gal? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

HardWorkingDem

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Mon Jun-02-08 01:37 PM
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News reported last year bbl oil $63, gal gas $3.20- today, $126/$4 - Why not $6.40 gal?

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I'm just curious. Last week the news reported a year ago a barrel of oil was $63 and a gallon of gas was $3.20 and a year to this day a barrel of oil was $126 and a gallon of gas $4.

If a barrel of oil doubled in cost, then why did a gallon of gas only go up 80 cents? Does this show some sort of manipulation? What am I missing?

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