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Friday, May 20, 2016

US Gas Prices are Artificially High – Market Manipulation | The Chart That Will Make Every American Driver Angry

Image Source.
Source - Zero Hedge 

by Tyler Durden

When crude oil prices started to collapse, the great American unwashed were told - day after day - that low oil prices were "unequivocally good" for them. That myth was destroyed as rent, healthcare, and debt-reduction trumped consumer gains. However, as angry Americans are seeing every day now, gas prices at their local pump have been soaring... having never dropped as they should. In fact, as the following anger-inducing chart below exposes, gas prices for the average joe are almost 50% higher than would be expected given the low oil prices...

Since the beginning of 2015, something changed - Gas prices are unchanged while oil prices are25% lower...

So the refiners are buying low (crude oil) and selling high (gas) to cover their losses in production? Fixed costs on gasoline 'production'? No matter what, it's the average joe that paid the price.
Related Working 60 Hours A Week At 3 Part-Time Jobs And Still Living Paycheck To Paycheck

Related Modern Slavery | The True Reason behind the 40-Hour Work Week and Why Most People Are Economic Slaves

Stillness in the Storm Editor's note: Did you find a spelling error or grammar mistake? Do you think this article needs a correction or update? Or do you just have some feedback? Send us an email at sitsshow@gmail.comThank you for reading.
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Source:

http://www.zerohedge.com/news/2016-05-17/chart-will-make-every-american-driver-angry
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