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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (7590)5/22/2008 2:49:08 PM
From: sea_biscuit  Read Replies (2) of 71475
 
Folks, I was discussing with a few friends about oil and gasoline today, and someone wanted to know if there is a formula that says if oil goes up by $1, a gallon of gas has to go up by X cents. Does anyone know if there is such a formula? Or a calculator?

The sense we get is that even though oil has gone through the roof, gasoline is way behind, and it probably should be closer to, or even above, $5 per gallon instead of being close to, or under $4 as it is right now.
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