Monday, April 25, 2011

Price of Gas

Now that gas prices are high people are complaining again, but the thing is, relative to the price of oil it's cheaper than it used to be:

(click to enlarge)

1 comment:

charlesH said...

This means the high gas prices are not a result of oil refineries or the distribution channel "profiteering" but rather just due to the rising world price of crude oil.

Which the weak dollar (due to QE1, QE2) is making worse than it would be otherwise.