Tuesday, October 21, 2008

Gas Buddy Oil/Gas Comparison October 2007-2008

The two things that should pop off this chart are:
1) Gasoline prices did not spike as much as the oil prices did
2) We are now below where we were last year for a barrel of oil, and above where we were for a gallon of gasoline

What does it mean? Gouging conspirator go home. Oil companies took a long-term perspective and did not pass along all the costs of the hurricanes, so now that things are getting back on track, the gas prices will slowly drop until the companies recover their 'losses.'