Monday, February 28, 2011

Fuel prices and oil prices is speculation?

We just got an interesting chart produced by Prezzibenzina. com. As you may have guessed the theme is that the price of oil than gasoline at the pump. It 'widely believed that when the price of oil rises, pump prices of petrol and diesel go up immediately. The same thing would not occur in reverse: prices of oil and fuel do not decrease as fast.

Some consumer groups say it is true, the oil companies say it is false. Who is right? Probably both. Why is it necessary to contextualize the historical moment. It then becomes interesting to see exactly the trend of values over the past 10 years. In the graph, in blue, the price of oil in dollars per barrel in the same red and finally converted into euro in orange gasoline prices in euro per liter.

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