12 votes

Oil hits $80.00 a barrel today...

Then why is gasoline still hovering around $3.50 a gallon?
Has inflation and the drop of the value of the dollar increased the price of gas over a dollar since the last time the price of oil was at this level?
Or is it just the greed of the oil companies? If the price oil would start to go up. There would not be a lag in the time the rates would raise. So why is it taking the gas prices so long to sink?

on this link if you scroll down you can see the price of oil compared to the price of gas in the past years...
http://www.democraticunderground.com/discuss/duboard.php?az=...




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I think

I think that maybe they are conditioning us to pay more.

Around here when it gets close to the weekend

the price goes up 20 cents... even though the price of oil has been going down... totally a sham...

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Yeah, here too.

Some people tell me it has nothing to do with the holiday traveling and vacation seasons, but they clearly go up during these times. Supply and demand or just plain taking advantage of it? The value of the dollar to maybe?