If you look at the little graph we provide that shows the current and historical price of a Barrel of Oil, you will see that it is currently WELL BELOW $40 a barrel! If you mouse-over the 1y you will see that there is a TREMENDOUS drop in the price since gas was over $4 a gallon.
My Question is: IF OIL IS SO CHEAP, WHY IS GAS STILL SO HIGH?
Oil is now cheaper than it was when gas was going for $1.70 a gallon…. so WHY THE HELL IS gas now near $2 a gallon!
Makes no sense to me folks….. but I’m no economist!
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