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Irregardless of why the price of crude is dropping - it's not reflecting at the pumps.
Used to be that we had a crude/gas ratio where you moved the decimal point two digits to the left for the gas/litre price.
i.e. - $100/barrel for crude = $1.00/litre at the pumps.
Now we're at $85/barrel and yet our prices are still hovering from $1.21 - $1.26/litre (here in our region).
That's a 35-40cents/litre difference. If that's not bad enough - at 3.78 litres to the U.S. gallon - the gouge per gallon is staggering.
Of course, among the BS explanations they attempt to foist on us is - "Higher refinery costs." In order for that explanation to work - refinery costs must go up on a daily basis to coincide with the reduction in crude prices.
Because they think us all to be stupid and gullible.
We're all peons in the grand scheme.
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