Why are crude oil prices not as high as they were in 2008, yet current prices at the pump are twice as high as they were back then?
Why are crude oil prices not as high as they were in 2008...
Kevin Bell
Jackson Collins
Because Jews can't let go of a grudge
Camden Parker
why don't you do your own research.
maybe you will learn a thing or two
is reading hard for you?
Zachary Rodriguez
Jewish wizardry
Kayden Perry
>This spread is referred to as a crack spread. It is referenced as a crack spread due to the refining process that “cracks” crude oil into its major refined products.
The bottleneck today is not enough refineries.
Andrew Turner
must be the fluoride
Jackson Wood
biden fucked us
Joshua Wright
It’s a scam
Carson Lopez
Refinery capacity, the greens make it impossible to build new refineries or expand existing ones much.
Robert White
Just cause
Try to lower it
Sebastian Thompson
Then why was gasoline less than half the price just a year ago? Have refineries been burning down in droves or something?
David Campbell
> not knowing what futures are
James Bennett
We have inflation, supply chain and labor shortages on top of high oil prices. The price of transporting and refining gasoline has gone up. There's not a conspiracy to price gouge gasoline. There's no monopoly or cartel which could control the price of gas. There are too many players in the game at every level of the supply chain all competing to buy and sell at the lowest price. If you can deliver for 10 cents cheaper than your competitors, then you get all the customers. The final price at the pump is the result of many large and small companies setting prices at each step in the supply chain.
Luke Morales
Jews
Nolan Peterson
Green taxes and higher wages
Isaiah Thomas
a barrel of crude is $119.7 not $100.
Cooper White
That's OPEC, not WTI. WTI is also lower than 2008.
Camden Morgan
The point being how does this explain the price at the pump?
Dominic Perez
Kek, simple as:
>your chart is out dated
Noah Butler
WTI is $118.9
Jonathan Jones
That was the closing price. Futures markets are open right now.
Henry James
Based Xiden bringing back the housing collapse. For you newfags, SHTF when Diesel went over $5/gal back in 2007. It broke everything.
Isaac Lee
June if 2021 gas was at $3.16 a Gal.
not half the price user.
i understand what you're asking user but you don't have to give the wrong numbers.
Wyatt Reed
OP's chart is showing closing prices sop i'm giving closing prices.
futures will be higher anyway.