Fascinating BusinessWeek Story About How Oil and Gas Prices Work (They Don’t Work Together)
It’s a great read and simply points to the fact that our world is very complex. One would think that if something were made of oil (like gasoline), its costs would rise as oil rose in price. But this is not necessarily the case.
First off, what is the “price of oil?” Is it oil from Saudi Arabia, Texas, Oklahoma, Venezuela, Mexico, Canada (the list is nearly endless)?
Read the whole thing here – Gas Prices Are Not Tied to Oil Prices – BusinessWeek.