Sunday, August 03, 2008

Getting Hosed At The Pump


I was just reading this story by John Aidan Byrne, at Yahoo News, on why the drop in oil prices has not brought relief to the gas pumps.

Motorists who have watched the price of crude oil drop 15 percent in the past three weeks while the average price at the pump has come down just 3 percent are getting drilled, two leading energy analysts claim.

The two claim that owners of the US's 160,000 gas stations are not dropping retail gas prices in line with the drop in oil because they want to fatten their anemic margins.

link to getting hosed

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