The rule of thumb is every $10 increase in the price of oil is a quarter or 25 cent increase in the price of gasoline.
Ed Whitfield: “The rule of thumb is every $10 increase in the price of oil is a quarter or 25 cent increase in the price of gasoline.”
On the recordMarch 6, 2012
Source
congress.govEditor's note · Context
Discussing the impact of oil prices on gasoline costs.
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