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OilPriceFalls
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#oilpricefalls
Refined gasoline comes from crude oil, but their prices
don't move in lock step, as anyone who's been checking the price of crude lately has learned.
Crude
oil is down 36% from its recent peak in April, while gas prices are down just 22% from their recent high in May. A leading local economist said the disconnect comes from crude being what's known as a leading indicator, while gas is a lagging indicator. In other words, crude prices look down the road, while gas prices look in the rearview mirror.
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