THIS CHART IMPLIES SOMETHING VERY TROUBLING ABOUT THE PRICE OF GAS
Posted on December 4, 2012 at 12:50pm by Becket Adams
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See that? Although the price of crude has fallen in recent months, as the above chart clearly indicates, the price of gasoline remains at a record high.
“Anecdotally, it feels like when oil prices rise, gas prices at the pump rise; but when turmoil pauses in global geo-politics – or some entity decides that high oil prices just will not do for the world’s economy – gas prices at the pump seem not to drop so quickly,” writers are Zero Hedge note.
“Yes there are pipeline, inventory (and even tax) issues but the following chart suggests ‘gouging’ on a national level,” they add.
It’s also worth noting that what we’re seeing today with the price of gasoline and crude is eerily similar to what we saw right before the economic collapse of 2008.
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I think there maybe a big overhang on the markets due to increased costs (i.e., Obamacare) and increased taxes (i.e., the fiscal cliff).
Given the “gouging rules” passed after Sandy. Or used during Sandy. I wouldn’t lower my price un my competition forces me to.