Thursday, January 07, 2016

U.S. benchmark crude closed at $33.97 a barrel in New York, its lowest price since December 2008.


And yet, the price of gas went up from when oil was 36 a barrel a couple weeks ago.

http://www.latimes.com/business/la-fi-financial-markets-20160106-story.html

2 comments:

  1. I think the price of gas in California has little to do with the price of crude. Taxes, CARB, etc. have more effect. It seems like your gas prices are usually about $1 more than we pay in the Midwest.

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    Replies
    1. that is the point I was trying to make. A couple of weeks ago, the price was 2.79. But those things you mentioned aren't the culprits this time, as I mentioned a couple of weeks ago. It's the refineries creating fake work stoppages, and shipping gasoline to China. That decreases the available california supply, as we can not import gas from out of state due to the draconian emissions bullshit

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