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Oil Prices Lower, Now How About the Pump?

Oil prices traded down to $85/ barrel on Wed. and that should be good news, but why doesn’t it translate to a much lower pump price?

The US has an amply supply of crude, but apparently we just can’t refine it fast enough to drive gas prices lower. The wicked old supply/demand curve again.

Oil futures traders love this stuff, though. They will be going long when it hits the magic $75/barrel mark

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