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Posted on 1/21/11 at 4:59 pm to TigerDeBaiter
quote:The price of crude is ONE of the factors that determines the price at the pump, albeit it is the largest contributor to price. Still, other factors must be considered, which is why the two lines do not move consistently.
So we're getting jipped according to that graph. Up and down oil = stead rising gas = ugh.
Oil companies make bank because they have the most desired resource in the world that most cannot live without. Until this relatively inelastic demand changes, expect continued profits.
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