oil supplys rose 1.7 mil bar., gas rose by 2.1 mil bar. , and diesel fell by 1.1 mil bar.. and these are surprises? 2.1 Million Barrels? 2.1 MILLION? I think this is a load of crap. maybe 1000 barrels is a surprise, but how do you not account for 3.8 million of anything? methinks something screwy is going on here.
AerospaceFan From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 1 day 19 hours ago) and read 1968 times:
The various news channels have also offered two contradictory claims:
1. That oil supply has been tight, leading to the recent spectacular rise in gas prices; and, more rarely,
2. That there is actually plenty of oil, the problem being that speculators have bid the price up artificially.
Today, it was reported that the price of crude oil fell; however, the price of gasoline continues to rise -- it rose 3 cents in Southern California in the last day. Yet whenever it's reported that crude oil just rose in price, the gas companies seem to raise prices immediately. If gas prices can rise so quickly, why can't they fall equally quickly?