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Oil and gasoline prices

... seem to be moving downward at different rates.

Since a barrel of oil peaked at $147 in July and to the best of my recollection, gasoline at the pump was just about $3.99 per gallon here in the Charleston area, oil has dropped by almost 30% to just above $100 per barrel while gas prices have declined at a much slower rate, I just paid $3.49 per gallon yesterday which is only a 12.5% decline. Hmmmmmmmm.

Published Wednesday, September 10, 2008 5:42 AM by Howard Arnoff
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