Cheaper oil slower to show up at pump

Posted by on August 21st, 2008 at 01:50pm

Finance Information wrote an interesting post today on
Here’s a quick excerpt
Cheaper oil slower to show up at pump August 22nd, 2008 By Tom Doggett and David Sheppard - Analysis WASHINGTON/LONDON (Reuters) - Gasoline retailers in the United States and Europe are not passing on to consumers all their savings from the drop in crude oil prices as they move to recover some of their losses from earlier in the year when oil costs were soaring. Since hitting a peak above $147 a barrel in July, the price of crude has dropped about $33, or 79 cents a U.S. gallon. U.S. gasolin

Read the rest of this great post here

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