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08-15-2009, 09:34 PM
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#17 |
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Adjusting to the Life
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Re: crude oil
The way I understand it... the price of gasoline is less dependent on the the price of oil than it is dependent on the the amount of oil that is refined into gasoline. If Exxon Mobil wants to raise the price of gas, they simple reduce the supply (refine less oil into gasoline).
I used to ponder big questions like this, but now that I've given up hope, I'm much more mellow about it all 
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