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Re:The Saudis Are Lying About Their Oil Production? by sideshowb on Wednesday September 25, 2019 @03:09AM (#21068462)
> Petrol prices only falling by four-twelths when the crude price fell by nine-twelths suggests that petrol costs a lot on top of the crude price and that a 50% crude increase might lead to, say a >100% petrol price increase

Why? If petrol price is fairly inelastic to crude price (for reasons siblings note) that means it would increase a little, not a lot.

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