At this time last year, oil was ...
$75/bbl. Right now it's $65/bbl. Yet a gallon of gas is much higher than it was a year ago. What gives???
Btw, I got your answer. Hint: it ain't market economics. It's CAPITALISM!! Anytime you can increase total profits while RESTRICTING supply, the capitalists will do it. Why not?
Btw, the supply restrictions are totally artificial.
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