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re: Oil prices past 10 years graph question.

Posted on 1/13/16 at 6:14 pm to
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18403 posts
Posted on 1/13/16 at 6:14 pm to
Why is oil less now than in 09 yet gas cost more than back then
Posted by GoldenD
Houston
Member since Jan 2015
934 posts
Posted on 1/13/16 at 6:18 pm to
quote:

Why is oil less now than in 09 yet gas cost more than back then


Taxes, and it probably cost more to refine now than it did then. The crude price doesn't linearly correlate with the price at the pump.
Posted by BRL79
Member since Mar 2014
2977 posts
Posted on 1/13/16 at 8:44 pm to
quote:

Why is oil less now than in 09 yet gas cost more than back then

Because people get paid more now to refine it?
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