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Cedar Rapids, Iowa 52401
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Letter: Why are gasoline prices increasing?
Daniel Baier
Mar. 7, 2016 12:00 am
Earlier this year, I noticed that oil was being sold for $33 a barrel and gas prices were at $1.42 a gallon. Now I see where oil is being traded at $33 a barrel and gas prices are being charged at $1.81 a gallon. Why the big uptick in price?
Consumers are being told, almost daily, that oil inventories are saturated and demand is low and yet prices at the pump double in price. The other interesting thing I see that the new price of $1.81 is everywhere in this town. Wouldn't this justify as 'collusion” or 'price fixing”?
Daniel Baier
Cedar Rapids
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