Monday, July 30, 2007

Under 3 Dollar Gas

I saw the local Chevron had gas for $2.99/gallon which almost 20 cents cheaper than a month ago. This seems to contradict the rising cost of crude.
Is the refining capacity picking up?
Are we using less gasoline?
Are the oil companies suppressing prices to keep us mollified?
I guess a combination of the first two.

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