Some information in this post made me wonder. What if gas prices have risen unnecessarily? What if they amount we have to pay is really way more than we should-way above the amount of inflating crude oil prices?
An example of what I mean is found on the page provided at the link below (more info provided below link):
More Comments From Me:
When I hear phrases such as "light sweet crude for delivery in November, added 93 cents to $83.91 a barrel" or "Brent North Sea crude for November delivery gained 53 cents to $106.41 [a barrel] it makes me not panic so much. As you can see the amount of increase on the $83 barrel is only about a penny per dollar or a little over 1% (figured .93 divided by $83.91 = .011 or 1.10 cents, or 1.1% )
The 53-cent increase on the $106.41 barrel figures out to only a less than a half of a cent per dollar. (It would be .00498 cents to be exact).