And of course, Syria hasn't exported any oil since 2011, (they only accounted for .4% of global supplies before that). So prices shouldn't really rise because there isn't going to be a less of supply that will drive up prices.
Its just artificial inflation due to market speculation. People go crazy when they hear about anything going on in the Middle East so traders know they can make a quick buck. ...at the expense of the consumers buying at the pump, of course.
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Good news!! Hope the trend speads northward. Here in the great white north diesel is still 20cents/litre (80cents/gal?) more than gas. I was developing a conspiracy theory that it was because of diesel being used as fracking fluid in oil and gas wells. Now that the price of crude has come down there is a lot less drilling and fracking going on because it just does not pay at these prices. Without the diesel being pumped down holes there is more available for fuel.
Blankety blank oil companies!!! What are they doing lowering the price of fuel! Skin the evil oil companies.....but before you do, look at how much the Gov't makes in taxes on each gallon sold....gee they make more than the oil companies.....
Fracking!!! I love it.
Sorry...just a little rant.
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Yah, I just wanted to point out that the reason the diesel is getting cheaper relative to gas is because the crash in the crude oil price has put a sudden stop to fracking and the related use of diesel fuel in fracking fluids.