Posted by: thepinetree on 08/16/2013 06:36 PM
Updated by: thepinetree on 08/16/2013 06:36 PM
Expires: 01/01/2018 12:00 AM
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Gas Prices Stagnant While Crude Price Rises Why? ~By Alex Stromeyer
San Andreas, CA...For the last month after steep gasoline, diesel price hikes the month before,when crude prices were at $100 in the markets,the price is now $107 ,yet the price of gasoline,and diesel have not changed for the last month.I have never seen such stagnant fuel prices in my 23 years driving thru San Andreas.Not a penny up or down,the prices have stayed the same...
The oil markets are well known to be speculative and manipulated by the investment banks,it is estimated up to 70% of oil contracts are owned by the investment banks,it is noted there is an investigation currently going on regarding market manipulation of the oil markets.The question I have is;is this the reason fuel prices have remained stagnant?. Has anyone else noticed the fuel prices haven't changed?
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