Comments on: Gas Price Math http://www.thepolitic.com/archives/2008/09/04/gas-price-math/ Conservative group weblog that publishes daily commentary on political events and topics affecting Canada, the United States and the world. Fri, 03 Feb 2012 13:41:18 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Trevor http://www.thepolitic.com/archives/2008/09/04/gas-price-math/comment-page-1/#comment-182609 Trevor Sun, 07 Sep 2008 10:18:43 +0000 http://www.thepolitic.com/?p=3466#comment-182609 If your going to star throwing accusations around about being ripped off by "oil companies," you might want to consider a longer time horizon and not just your simple observations of a 7% drop. For example, according to the Energy Information Agency (US Government department) between 2006 and 2008 crude oil rose 9.5 percent and gasoline rose only 8.9. Even more pronounced, within the last year crude rose 65 percent and gasoline rose by 30!! So, over a longer frame horizon - when you let the market do its job - the gasoline prices rise by !less! than crude prices. So, the opposite of falling by a lower proportion is perfectly natural. If your going to star throwing accusations around about being ripped off by “oil companies,” you might want to consider a longer time horizon and not just your simple observations of a 7% drop.

For example, according to the Energy Information Agency (US Government department) between 2006 and 2008 crude oil rose 9.5 percent and gasoline rose only 8.9. Even more pronounced, within the last year crude rose 65 percent and gasoline rose by 30!! So, over a longer frame horizon – when you let the market do its job – the gasoline prices rise by !less! than crude prices. So, the opposite of falling by a lower proportion is perfectly natural.

]]> By: Abattoir http://www.thepolitic.com/archives/2008/09/04/gas-price-math/comment-page-1/#comment-182591 Abattoir Thu, 04 Sep 2008 17:53:49 +0000 http://www.thepolitic.com/?p=3466#comment-182591 Ouch - $1.41/L..that's gotta hurt. But I'm not in favour of regulating gas prices, so I'd leave it to the free market. It hurts, but it helps to drive some badly-needed changes. Try driving in Britain or continental Europe - they've been paying more than that for a long time. Ouch – $1.41/L..that’s gotta hurt. But I’m not in favour of regulating gas prices, so I’d leave it to the free market. It hurts, but it helps to drive some badly-needed changes. Try driving in Britain or continental Europe – they’ve been paying more than that for a long time.

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