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« Where your $2.89 per gallon is going | Main | Hillary Riots Continue Unabated » April 22, 2006ErrataThe "$2.89" in my previous post should read "$3.05." Sincerest apologies for any inconvenience. Posted by David Darlington at April 22, 2006 05:00 PM CommentsAlso, the price for a barrel of oil has surpassed $75. But don't worry, the energy companies like Exxon, Chevron, and BP are making a killing. Posted by: PoliticalCritic at April 22, 2006 05:27 PM | permalink There's a good on MSNBC's site article called, "What's up with oil, gasoline prices?" that pegs the cost of crude oil at 47 percent of the cost of a gallon of regular gas, only slightly different from the WaPo figures. Anyway, the price of crude oil is determined in the futures market, and it looks like speculators are betting that we Americans will be willing to pay just about anything for a gallon of gas. THAT may be a big factor in driving those per-barrel crude oil prices upward towards $100/barrel. Posted by: JohnS at April 23, 2006 01:17 PM | permalink Posted by: wahoofive at April 25, 2006 05:46 PM | permalink Post a comment |
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