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Re: gas prices



On Nov 29, 2006, at 12:54 PM, Carrol Cox wrote:

In the last 50 years how many
price-changes of a few dollars a barrel have there been?

The average of the absolute value of the yearly change in the yearly average price of oil is 22% since 1861; 27% since 1970. In other words, the price of oil is extremely volatile.

Doug



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