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whats also interesting is that the price of gas hasn't moved much either: http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24 http://www.gasbuddy.com/gb_
by pplante 14y ago
whats also interesting is that the price of gas hasn't moved much either: http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24 http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
i guess this is a case where lower demand has kept prices high.
- niggler 14y agoPump prices are very sticky and depend on the cost of production per country. With recently depressed crude prices, some countries are actually pulling back production. http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/08/OPEC%20breakevens.jpg http://www.zerohedge.com/sites/default/files/images/user5/im...
- ComputerGuru 14y agoThe notable exception being Saudi, which (with America's complete approval, I suppose) ramps up production to drive down the cost of petroleum to make sure that Iran does not derive as much profit from its sales as it could, even at detriment to itself, as a calculated move in the cold war between those two countries.