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11 February, 2009

Things that make me go "Hmmm..."

If oil prices are the absolute lowest that they have been, at $36 per barrel - even lower than they were a month or so ago - then why is it that gasoline is now 30% higher than it was? People might be inclined to think, "Oh, well it's half as expensive as it was back in the fall! We should be happy!" But that's psychology at work. The fact is, gas bottomed out around here at around $1.70 per gallon. And now, It is around $2.30 or more. That's a 30% increase.

Further reading has indicated to me that, as usual, it is partly a case of Seattle getting fucked worse than anyplace else.

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