| The price of crude oil today is about the same as it was on September 28, 2008. The price for West Texas Intermediate (WTI) crude oil back then was $107 a barrel and it is about $105 per barrel today. The average price at the pump was $2.57 a gallon then compared with the average $3.58 per gallon for regular unleaded gasoline today.
The reasons for the difference in the pricing of gasoline is exactly the opposite of why they were back on September 28, 2008, a time when the US economy went into a tailspin, with fuel prices decreasing faster than crude oil prices............................................Full Article: Source
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