Quote:
Originally Posted by ksa8907
Crude prices are obviously an indicator of gas prices but just because oil is cheap doesn't mean gas is cheap. I could have a semi tanker of crude oil in my driveway and if i ran out of gas I'd still be walking or riding my bike.
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An extreme real world example of this right now is Nigeria, a major world oil producer suffering gasoline lines because its gasoline is imported and its domestic refineries are aged. The cheap oil is weakening their ability to buy gasoline from abroad because gasoline has become relatively expensive. People there are pissed.