“Another factor in October’s trade deficit was surging prices for imported crude oil. The average price of crude oil soared to a record $41.79 a barrel — a whopping 11.1 percent increase from September’s price.”
Gas is now $1.67 a gallon, back in September i’m pretty sure it was about $2.09 a gallon, so why the descrepency if crude oil is more expensive? Is this a misprint because I thought gas prices were $50/barrel back in September.
I’ve also noticed the gas prices plumeting around here while barrels are getting “more expensive” - but costing less then they were reported this summer. You’re not alone in the possession of this memory.
I seem to remember that all of the oil speculators were worried that the US wouldn’t have enough oil to heat homes this winter. Maybe it was hurricane-related; I never did catch the reason for the concern. In any event, that worry seems to have gone away recently, and gas prices have fallen correspondingly.
Complain when prices go up, complain when prices go down. You guys are never happy!
We’re having a price war down here in parts of town. A new WaWa opened up in Hampton or Newport News, and between them and the Exxon station it’s down to about $1.40 per gallon.
But that’s exactly why “Another factor in October’s trade deficit was surging prices for imported crude oil. The average price of crude oil soared to a record $41.79 a barrel — a whopping 11.1 percent increase from September’s price.” makes no sense!
Just recently, crude oil was over $51 a barrel. I think I recently saw reports of it being back in the $41 range. That alone will make a big difference.
Here in NE Ohio, the cheapest I’ve seen was $1.52 a gallon (today).
Today, most gas stations around here were selling for about $1.69[sup]9[/sup] (give or take a penny or two). One gas station had regular unleaded for $1.58[sup]9[/sup] (!). Too bad I didn’t need gas this evening.
