Oil Hovers Around 8-Month Lows Near $80

[Mr. Big Dog 10,747]

Has anyone noticed that when oil was around $80.00 back in Oct 2007 and in Apr 2010, gas was $2.80 or so. Today, oil hovers around that same $80.00 but gas is $3.50. Am I the only one feeling shafted?

[Ban Hammer 13,345]

Has anyone noticed that when oil was around $80.00 back in Oct 2007 and in Apr 2010, gas was $2.80 or so. Today, oil hovers around that same $80.00 but gas is $3.50. Am I the only one feeling shafted?

[MyLittlePony 340]

I was able to fill my car now.

[Robby999 1,024]

This could some of the problem with the price of gas not dropping with oil prices.

http://video.foxbusiness.com/v/1702838558001/

[Danno 1,228]

If Obama could get two good bits on news to happen at the same time he might get credit.

As it is for every "atta boy" there are 3 "awe sh_t"s going on..

*Now when I used the term "atta boy" was that racist?

NOt that I care..... just wondering.

[Mr. Big Dog 10,747]

This could some of the problem with the price of gas not dropping with oil prices.

http://video.foxbusiness.com/v/1702838558001/

Yeah, right. Let's suppose this story is all factual - that's not established yet but let's suppose it is for the argument's sake. Per that story, refineries paid $6.8MM. Now, we consume some 350MM gallons of gas a day. So, if they were to levy a penny on a gallon over the course of a week, they would have collected back from the consumer the fine they supposedly paid and made another close to $18MM on top. But we're not talking about a penny, we're talking about some $0.70 worth a difference. Per gallon. That's $245MM a day that we pay more at the pump than we should. But yeah, it's the EPA. You right wingers are so predictable.

Edited June 23, 2012 by Mr. Big Dog