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longship

(40,416 posts)

4. Rachel said it perfectly; Petroleum is fungible.

Reply to louis c (Original post)

Sun Jun 24, 2012, 09:41 PM

Jun 2012

It doesn't matter where it is pumped out of the ground because it's all going to go on the world petroleum market anyway.

I think gas prices are lowering because of strictly economic conditions. The world is in recession so people are using less petroleum. That drives the price down.

Econ 101!

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13 replies

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Highlight:

Who's Responsible for Gas Prices? [View all] louis c Jun 2012 OP

Who's responsible? That depends. Turbineguy Jun 2012 #1

You took the word right out of my mouth SoutherDem Jun 2012 #2

OMG perfect timing sandyshoes17 Jun 2012 #3

I know the type louis c Jun 2012 #6

Rachel said it perfectly; Petroleum is fungible. longship Jun 2012 #4

Gas prices also respond to factors inside the fuel markets. Turbineguy Jun 2012 #7

Assholes like this: tabasco Jun 2012 #5

Perfect talking point- point the finger at the real culprit The Koch brothers and other Speculators Ghost of Huey Long Jun 2012 #8

Koch brothers wealth grew from $7.5 billion to $50 billion in last seven years Ghost of Huey Long Jun 2012 #10

A person known as cherokeeprogressive Jun 2012 #9

Speculators. n/t BumRushDaShow Jun 2012 #11

Not "who", "what". Spider Jerusalem Jun 2012 #12

Yes the silence has been deafening. PotatoChip Jun 2012 #13