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Posted on Friday, May 13, 2011 9:05:22 PM by publius321
by Thurston Howell
Everywhere you go people are talking about gas prices. One of the most common questions: WHY does the price of gasoline IMMEDIATELY skyrocket at the pump the very day that oil prices –rise- but barely move when oil prices plunge?
That’s a reasonable question to ask as we all know that the price they paid for that gas already under ground didn’t cost them the new, higher closing price of that day.
They justify this by attributing the new higher price to... (continued)(Excerpt) Read more at ThurstonHowell.NET ...
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