How come gas is still $3.75/gal.? The price at the pump went up each day (sometimes each hour) as the price per barrell rose. So, shouldn't it drop back to around $2.50 overnight? Huh?
Oil went from @$60 to @$75 a barrel. Gas went over $3 a gallon for the first time. I'd love to see a graph of gas & oil prices over the past 8 years. There seems to be little correlation between the two. But Hey! what're ya gonna do about it? Drive the electric car? Complain to congress? It is about as close to a monopoly as there is.
5. Total disconnect, it seems, between oil prices and gas prices sometimes--
other times, there's a direct cause/effect. I'm baffled too. You'd think hurricanes would cause oil prices to rise, but they didn't--but shit going down in Niger and other third-world areas = oil and gas prices through the roof due to speculation. I am nowhere close to understanding how it all works.
6. It is $4.20 or more around the Detroit metro area.
I would like to get down to $3.75. But in all reality, it should be about $2.50 a gallon with the oil prices right now. We are getting ripped off as usual.
possible excuse to raise prices. If oil went to $40 a barrel, I would not expect gas prices to come down below $3/gallon - they have got us used to paying $4 for it, and $3 looks good in comparison.
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