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Jun 25, 2019 · Crude oil prices make up 71 percent of the price of gasoline.The rest of what you pay at the pump depends on refinery and distribution costs, corporate profits, and federal taxes.These costs remain stable, so that the daily change in the price of gasoline accurately reflects oil price fluctuations. High oil prices are what make gas prices so high. Dow sinks 2,000 points, oil tumbles on global recession fears Mar 09, 2020 · U.S. stocks endured their worst drop since 2008 on Monday as a free fall in oil prices and mounting coronavirus cases frightened investors and pushed major indexes to the edge of a bear market.
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Oct 25, 2019 · Over the past few weeks (July 1 through August 19), the movement of oil prices has closely mirrored that of the Standard and Poors (S&P) 500 Index. Crude oil settlement futures prices for West Texas Intermediate (WTI) crude fell just over 13% …