Quote:
Originally Posted by Slava
Maybe I'll be the lone voice here, (can't read SebC's chart), but gas prices are really tricky. Its not straight supply/demand as some have suggested. If that were true then we should've seen greatly reduced prices for the past few years. Its obviously not tied to oil either. When oil was at $34/bbl in 2008 the price of gas didn't drop nearly as much.
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It has been reduced the past few years, and it did drop a lot when oil was low. Not the same as oil percentage wise but I wouldn't expect that since there's a lot of costs in producing and delivering gas unrelated to the cost of oil.
Here's the graph:
