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In the discussion thread: Who's Responsible for Gas Prices? [View all]

Response to louis c (Original post)

Sun Jun 24, 2012, 09:41 PM

4. Rachel said it perfectly; Petroleum is fungible.

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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Replies to this discussion thread
Arrow 13 replies Author Time Post
louis c Jun 2012 OP
Turbineguy Jun 2012 #1
SoutherDem Jun 2012 #2
sandyshoes17 Jun 2012 #3
louis c Jun 2012 #6
LineNew Reply Rachel said it perfectly; Petroleum is fungible.
longship Jun 2012 #4
Turbineguy Jun 2012 #7
tabasco Jun 2012 #5
Ghost of Huey Long Jun 2012 #8
Ghost of Huey Long Jun 2012 #10
cherokeeprogressive Jun 2012 #9
BumRushDaShow Jun 2012 #11
Spider Jerusalem Jun 2012 #12
PotatoChip Jun 2012 #13
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