Originally Posted by Rmay635703
So.
In our area when gas prices drop diesel tends to stay the same or increases in price, when diesel drops in price gas tends to rise in price.
This behavior correlated perfectly with only 2 exceptions in the last 15 years, with the most recent exception about 3 months ago, where gas was staying the same price but Diesel dropped below $3 for the first time in years.
When I asked I was told that the suppliers set a overall goal on revenue and make up their cut on diesel which is more like fixed demand
And we agree that correlation is very different from causation, right?!?
Otherwise things like the correlations graphed below would need to be taken as true.
Correlation Factors of 0.947091 and 0.992558 respectively.
Just because two thing correlate certainly does not mean that one caused, influenced, or had any impact on the other.
Looking forward to your response!!!
So.
In our area when gas prices drop diesel tends to stay the same or increases in price, when diesel drops in price gas tends to rise in price.
This behavior correlated perfectly with only 2 exceptions in the last 15 years, with the most recent exception about 3 months ago, where gas was staying the same price but Diesel dropped below $3 for the first time in years.
When I asked I was told that the suppliers set a overall goal on revenue and make up their cut on diesel which is more like fixed demand
And we agree that correlation is very different from causation, right?!?
Otherwise things like the correlations graphed below would need to be taken as true.
Correlation Factors of 0.947091 and 0.992558 respectively.
Just because two thing correlate certainly does not mean that one caused, influenced, or had any impact on the other.
Looking forward to your response!!!
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