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You are mixing up the price of crude with the price of energy. Crude needs to be refined and transported as gas. That's where the huge spike is coming from. ht
by SavantIdiot 5y ago
You are mixing up the price of crude with the price of energy. Crude needs to be refined and transported as gas. That's where the huge spike is coming from.
https://www.usinflationcalculator.com/inflation/gasoline-inflation-in-the-united-states/ https://www.usinflationcalculator.com/inflation/gasoline-inf...
- beezle 5y agoI'm not mixing up anything. The primary input to the price of gasoline is..crude oil. Link below is gasoline futures back twenty plus years. Please tell me again that we have not previously had significantly higher prices for a significantly longer period of time? I'm not seeing that. https://finviz.com/futures_charts.ashx?t=RB&p=m1 https://finviz.com/futures_charts.ashx?t=RB&p=m1 Compare that chart to the also availbe WTI, Brent, natural gas and heating oil.