Tuesday, October 7, 2008

Gas. . .

I have a question...maybe someone can answer this for me...

When I moved back to the US in early 2008, gas was $2.25/gallon or around $90.00/barrel.
When oil went up to $140.00/barrel, gas was $4.25...

Why then, when oil is around $88.00/barrel (this week) is gas still $3.50?

Inflation? Oil companies selling off their "expensive" oil before they start buying the cheap stuff?

If our reserves were low, the futures would be going up (and the USD value would be going down compared to the Euro)...why is gas still so damn expensive?

Maybe we're just used to the prices now?

Hmmm...

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