ANSWERS: 4
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only if gasoline prices are directly proportionate to a barrel of oil, which may not be the case. EDIT: NO. I asked my b/f and he went on this long rant and did all these math problems....and NO
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Well if the price of crude drops it's not fully seen at the pump right away, if it rises it's seen at the pump immediately, get it? There is no set formula that keeps the crude and gas prices steady or consistent.
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gas is very cheap in america :) be happy about it!
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There isn't a direct correlation between the two. The price of gas in the U.S.A. is more directly related to how much crude oil can be refined into gas at any given moment, and how much it costs the refinery to perform that refinement. The truth is that we haven't built or upgraded any refineries in decades. We can all thank the environmentalists for halting all refinery construction. The price of crude obviously has something to do with the price at the pump, but there isn't a one-to-one relationship. The bottleneck in the system is the refinery step. The rest is just plain old supply and demand.
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