<div>On Oct 7, 2006, at 7:02 PM, <A href="http://us.f514.mail.yahoo.com/ym/Compose?To=jthorn65@sbcglobal.net&YY=67956&y5beta=yes&y5beta=yes&order=up&sort=date&pos=0&view=a&head=b"><FONT color=#003399>jthorn65@sbcglobal.net</FONT></A> wrote:<BR><BR>> 1) Why is the drop in crude oil prices ~20% but the drop in  <BR>> gasoline prices ~35%?<BR>><BR>> I haven't checked that these amounts are accurate nationally but  <BR>> gasoline costs where I reside are indeed only<BR>> 2/3 of what they were in July. I went from paying $3.05 to $1.96  <BR>> although the price this last week has<BR>> rebounded a small amount to $2.06.<BR><BR>According to Energy Dept stats - and of course they may be in on the  <BR>conspiracy - oil prices are off 24% from their peaks (daily prices,  <BR>WTI), and gas prices, 24% (weekly prices, all kinds).<BR><BR>Doug<BR>*****************************************************************</div> <div> </div> <div>What's happening with Iraqi oil?  Is it still off the market?  Of course, it is..well mostly, I suspect.  I don't know for sure though.  That's one reason why I read LBO. ;P  I mean, second largest proven oil patch in the world off the market.  Could it be in Big Oil's interest to keep it so?  Yeah, I know: the insurgency.  Seems, if that pool came online, the world market price of oil would be back to $25 a barrel again, like it was before the 2003 invasion.  Of course, this wouldn't be good for Big Oil's profits.  Or is this an illusion?</div> <div> </div> <div>Regards,</div> <div>Mike B)</div><BR><BR>Read "Penguins in Bondage":<br>http://happystiletto.blogspot.com/<p>  <hr size=1><a href="http://us.rd.yahoo.com/evt=43256/*http://advision.webevents.yahoo.com/mailbeta"> All-new Yahoo! Mail </a>- Fire up a more powerful email and get things done faster.