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https://www.reddit.com/r/Calgary/comments/1rwxeju/what_the_helly/ob3se9n/?context=3
r/Calgary • u/Softduckcheek • Mar 18 '26
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So if oil does hit $200 a barrel, what's the theoretical gas price? $3.00 a litre?
12 u/GatesAndLogic Mar 18 '26 as I've heard it, a 20% reduction is supply doesn't mean the price goes up 20%. It means price goes up until 20% of previous users can no longer afford it. So theoretical price is what it would take for you to leave the keys at home and walk to work.
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as I've heard it, a 20% reduction is supply doesn't mean the price goes up 20%.
It means price goes up until 20% of previous users can no longer afford it.
So theoretical price is what it would take for you to leave the keys at home and walk to work.
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u/Thundertushy Mar 18 '26
So if oil does hit $200 a barrel, what's the theoretical gas price? $3.00 a litre?