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re: Gas went from 1.65 to 1.99 in less than a week at a station near my house

Posted on 2/11/15 at 11:59 am to
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67593 posts
Posted on 2/11/15 at 11:59 am to
never really paid attention but do the prices rise and fall at the same rate? i am guessing they rise quicker than they fall.
Posted by The Sad Banana
The gate is narrow.
Member since Jul 2008
89498 posts
Posted on 2/11/15 at 12:01 pm to
quote:

i am guessing they rise quicker than they fall.
How convenient.
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 2/11/15 at 12:10 pm to
quote:

never really paid attention but do the prices rise and fall at the same rate? i am guessing they rise quicker than they fall. 


up like a rocket, down like a feather.
Posted by slackster
Houston
Member since Mar 2009
85137 posts
Posted on 2/11/15 at 1:09 pm to
quote:

never really paid attention but do the prices rise and fall at the same rate? i am guessing they rise quicker than they fall.


Generally speaking, declining oil prices are more gradual than the increases, and that is often reflected in the price of gas as well.

That being said, according to AAA, the national average is up to $2.21 after bottoming out at $2.04 in late January - a gain of 8.33%. In that same time period - including the losses the last few days - oil is up approximately 11%, and was up as much as 19.38% as of Friday.

It appears to be pretty fair and reasonable to me, and if anything, it is increasing slower than oil has risen.
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