On Oct 7, 2006, at 7:02 PM, jthorn65 at sbcglobal.net wrote:
> 1) Why is the drop in crude oil prices ~20% but the drop in
> gasoline prices ~35%?
>
> I haven't checked that these amounts are accurate nationally but
> gasoline costs where I reside are indeed only
> 2/3 of what they were in July. I went from paying $3.05 to $1.96
> although the price this last week has
> rebounded a small amount to $2.06.
According to Energy Dept stats - and of course they may be in on the conspiracy - oil prices are off 24% from their peaks (daily prices, WTI), and gas prices, 24% (weekly prices, all kinds).
Doug