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Discussion Starter #1
So why aren't prices at the pump 1/2 from their high?

Sure there's a little price built in for transporting, but didn't they have reduced profit margins when gas was over $4/gallon?
 

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Discussion Starter #4
Let's say regular unleaded is $1/gallon when oil was $30/barrel. Since it's $70/barrel, I would think it should be at about $2.20.
 

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That's not how it works. In some parts of the country, gas is $2.70, some parts it's $3.50. Supply lines, local prices, etc., all affect it. And remember that the barrel of oil is just crude, it gets refined into different stuff and gas is just one part.
 

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Seriously, they will keep prices as high as the market can support. Less people are driving SUVs and there is less consumption so they have to make more money per gallon.
 

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SUVs are still dead. Hopefully this will put a stake through the heart of the SUV craze and get people into smaller cars.
 

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Yeah, I've still got time but my 401k is taking a beating. It's depressing to just hold on and "catch the knife" but I don't really have much choice. If I cash out now, I'll take the losses.
 
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