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To: Harmless Teddy Bear

Look, I know what I posted. To admit that the price of gas does fall eventually, or that it does fall quickly SOMETIMES, is not to concede that consumer gas prices do not rise faster than they fall. Your argument is essentially the same as saying that, if I concede that the sun appears to rise in the morning and appears to set in the evening, I've conceded that the sun rotates around the earth. Just because I agree that in some cases the conventional wisdom doesn't appear applicable, doesn't mean I agree that it is entirely false. Generalization from this chart's broad lines does not somehow make invisible that the specific lines do NOT track, and that oil spikes down AND up are simply not entirely reflected in gas prices on this chart.

I addressed your chart and tried to show you that where oil prices have fallen in some periods, gas prices have not fallen correspondingly steeply or quickly. I've tried to be reasonable and discuss this with you from the standpoint of one who is entirely disinterested in the outcome but interested in the validity of the conventional wisdom. I pointed out that I'd prefer to have a different chart which I think would settle the matter entirely--and have been clear, I think, that disagreeing with you whether the matter is proved is not the same as disagreeing with you ultimately. If you choose to ignore my post, instead of responding to it, and claim you've proven something that is nowhere near proven by simple repetition or obfuscation of my earlier remarks, so be it. The topic isn't that important to me that I'll continue discussion.


104 posted on 01/21/2007 10:16:06 AM PST by LibertarianInExile (When personal character isn't relevant to voters or party leaders, Foley happens.)
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To: LibertarianInExile
I addressed your chart and tried to show you that where oil prices have fallen in some periods, gas prices have not fallen correspondingly steeply or quickly.

Ok I admit that I am confused. Granted that average gas will of necessity lag slightly behind in the rise and fall of crude prices I can not see where that is so except maybe at the very last part of the chart where it drops off. Is that what you are referring to?

106 posted on 01/21/2007 11:50:01 AM PST by Harmless Teddy Bear (We must have faith For when it is all said and done, Faith manages. And the impossible is achieved)
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