Anyone out there:
In your opinion, are the oil companies gauging the consumer by thickening margin or are they hedging on the decline of supply in the market? When oil was at its highs at $147 a barrel, gas was about $4.00 a gallon. Based on the conversions you can assume that gas should be about $2.61 (today's quote is about $96.00 a barrel of crude) a gallon. Do you think that spreads are wacked?
Here’s how I figured the number
X * CURRENT_BARREL_PRICE = CURRENT_GAS_PRICE
Where X = HIGH_GAS_PRICE / HIGH_BARREL_PRICE
Quote:
Originally Posted by texas*princess
Recently the prices for regular unleaded have been around $3.30 which is down from $4+ that we've seen about a month ago.
Over the last couple of days I've seen it go a little bit up to $3.50ish... I'm guessing b/c of the Hurricane.
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