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Old 11-14-2008, 04:39 PM
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dananderson32 dananderson32 is offline
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Quote:
Originally Posted by homedawg View Post
We all took it up the A** too! Since the record high in July $145.00, sales have declined 4 months in a row, including the largest decline, (last month) since '92. Oil is not done falling, soon to be under $50.00 and under $40.00 could very well happen too!

I just don't understand why there is still price gouging at the pumps?

The US oil refineries made some good dough this year, now they need to lower the prices at the pumps accordingly!
from the people i talked to in the area who own gas stations the reason the prices haven't dropped as much as you expect is because when they were so high in the summer the gas station owners themselves weren't making any money or profit on the high price of gas and therefore with the decline in oil prices they need to keep the price of gas at the pump higher then you would expect in order to recoup lost profits from the summer months
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