"About 75% of the price of gas is……" — John S. Watson

About 75% of the price of gas is really dictated by crude… - John S. Watson
"About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world."

John S. Watson

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