Posted by sourgum on August 08, 2012 at 11:55:57 from (198.228.201.157):
In Reply to: Re: propane posted by LAA on August 08, 2012 at 09:29:32:
These are figures for US domestic crude oil production in 2008---5 million b/d. This year 2012 US domestic crude oil production is going to be 6.3 million b/d. That is a 26% increase in supply of crude. I filled my tank with regular this AM....it cost 3.95/gal. This is not much different from 2008 if anything it is a considerably higher price than 2008 gas. Where is my decrease in gas price due to the 26% increase in supply? Sometimes supply & demand economics works on paper but not a direct transfer to the real world when it involves oil, propane or byproducts of crude.
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