Industrialized Cyclist Notepad

James Hamilton on crude oil and gas prices

My rule of thumb has been that for every $1 increase in the price of a barrel of crude oil, U.S. consumers are likely to pay 2-1/2 more cents for a gallon of gasoline.

Hamilton points to the lack of adequate pipeline infrastructure in the US to explain the gap between Brent and WTI.



Europe High Speed Rail Map
February 22, 2012, 01:40
Filed under: maps | Tags: , , ,

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