Quote:
Originally Posted by exUte
18% in the last 2 weeks, as does demand. But the price of gas remains (at least in Utah) at around it's peak? You supply/demand nutz, still believe it's supply/demand or crude oil prices that is driving the cost at the fuel pump?
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Last week, my local BP dropped from $3.89 to $3.62 overnight.
Meanwhile, the crude prices you read about are based on speculations and futures. It takes time for that price to go from the pipeline to the refinery to your friendly neighborhood gas station.