Quote:
Originally Posted by Michael1
Huh? Currenty about 70% of the cost of a gallon of gasoline is the cost of the crude oil needed to produce it. By my calculation $.50/barrel oil would equate to gasoline near or below $1.00 considering that transportation of the fuel would be massively cheaper to go along with the cheaper oil.
|
Have you ever seen the price of anything go back down? Like they find a better and cheaper way to refine sugar or something and then the company directors are going to pass that on to the consumer? Won't happen.