Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 02-17-2012, 10:55 AM   #3216
jiveturkey jiveturkey is offline
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Quote:
Originally Posted by Donger View Post
No. The price of crude determines the price of gasoline. $100/barrel seems to be the new normal, unfortunately.

Our demand is still down, but since crude is a globally-traded commodity, our economic situation doesn't determine the price of crude by itself.
I've read that demand in India and China is putting a lot of pressure on global prices.
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