Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

eggplant

(4,209 posts)

9. Because oil and gasoline are two different things

Reply to happynewyear (Reply #8)

Wed Jun 20, 2012, 04:14 PM

Jun 2012

Just because there is a glut of wheat, that doesn't mean there is a glut of bread.

That being said, there is no valid justification for the current prices. Big oil has simply figured out that people are willing to put up with it. It sucks.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

17 replies

= new reply since forum marked as read

Highlight:

Oil Extends Decline as Inventories Reach Most Since 1990 [View all] Purveyor Jun 2012 OP

Weakening global economy is slowing demand. taught_me_patience Jun 2012 #1

Not enough, but... joycejnr Jun 2012 #2

Yet, the cost of a gallon of gas went up here Sunday night by $.12 to $3.24. sinkingfeeling Jun 2012 #3

It went down 20 Cents to $3.29 in Ebensburg PA this week happyslug Jun 2012 #7

Looks like they are finally BumRushDaShow Jun 2012 #4

Help me out about Fracking goclark Jun 2012 #5

Fracking is for natural gas sybster1000 Jun 2012 #12

CA goclark Jun 2012 #14

They're not even pretending Shadowflash Jun 2012 #6

such B.S. happynewyear Jun 2012 #8

Because oil and gasoline are two different things eggplant Jun 2012 #9

Throttling refinery utilzation. Only 91% of refinery capacity is currently being utilized. eom Purveyor Jun 2012 #11

Regular gas shouldn't be over $3.00 in any part of the country Thrill Jun 2012 #10

US is using less gas RobertEarl Jun 2012 #13

meanwhile, stock market is down on this news, which is actually good news wordpix Jun 2012 #15

Just checked and crude is now down to $79.71... Purveyor Jun 2012 #16

maybe we'll get back to $3/gal. gas, that would be nice wordpix Jun 2012 #17