With so many people believing crap like that it's no wonder Obama got elected.
"We now know that when the cost of crude goes down, the cost of gas trails far behind..."
Reminds me of Twain's quote:
"It's not what you don't know that gets you in trouble, but it's what you do know that isn't so."
You’ve got a chart that pretty much shows things year to year. People don’t buy gasoline year to year — but day to day. You need to break it down to the day and then see what the chart says. And it’s true, prices do spike upwards on increases of crude oil for the most part. I’ve seen it on a day to day basis in watching these prices and the price of gasoline in the local market. That’s what does happen. And it’s also *slow* to come down on the downside.
Now, there are business reasons for the owners of these companies to do that — but, nonetheless — that’s what happens...
I can make up simple charts that depict lies too. The FRBSL doesn’t have a lock on that.
I paid upwards of $4.50 for a gallon of gas for a while there.
When prices per barrel went up, the cost of our gas in California went up the next day. For a while there prices were actually being changed mid-day upwards.
Take a look at that chart. Do you see a cost upswing on gasoline at the very end of the chart? Where’s the precursor rise in cost of crude?
If you want to try to pass off this crap, I’d suggest you got to Democrat Underground, a place where people don’t have contact with reality.
BTW: I could quote PT Barnam back at you, but the facts of this are too obvious to bother doing so.