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Old 03-19-2008, 02:01 PM  
ADL Colin
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Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
The high gas prices are coming from the high crude prices which are set in the marketplace not by oil companies. The historical relationship between crude and gas prices right now is off; gas would be priced higher based on current price of crude and typical relationship.

East coast crack spread is actually negative right now.
http://www.oilintel.com/spothome.cfm?loc_id=7
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