OP
NoTrespassing
Veteran Member
123-75%=30.75
Midwest Gasoline to Spike $0.50-$1.00 Per gallon
- Thread starter NoTrespassing
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Snobdds
Elite Member
World markets determine prices, not just one country.
Goldman Sachs warns that Russia and Saudi cuts could send oil prices above $100 a barrel by the end of 2024, just in time for Election Day
Should oil producers choose next year not to reverse their cuts, then the Biden administration may have a problem on its hands.www.yahoo.com
No. We have WTI for the US market. We have Brent Crude for other world markets. Then there is the Dubai/oman for other markets.
Not all oil is the same.
Snobdds
Elite Member
Where did you learn math. But lets check your work. If you take 30.75 and add in 75% to it (add a 1 to the % and multiply), what do we get? 30.75*1.75 = 53.81.
The way you subtract a percent from a whole number is...(add a 1 to the % and divide)
123/1.75 = 70.29
Check the math
70.29*1.75 = 123
You don't want to play in my sand box with me.
Torvy
Super Member
Pretty sure I didn't say 1 country. I used the plural, iirc.World markets determine prices, not just one country.
Goldman Sachs warns that Russia and Saudi cuts could send oil prices above $100 a barrel by the end of 2024, just in time for Election Day
Should oil producers choose next year not to reverse their cuts, then the Biden administration may have a problem on its hands.
Snobdds
Elite Member
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V1 is initial number (in terms of time old)
V2 is the new/final number (in terms of time new)
percentage change = (Vfinal - Vinitial) / Vinitial × 100%
Snobdds
Elite Member
Just think about it logically and stop repeating what your website says. It obvious your confused.
The price dropped from 123 to 70. You can always check math, with math. So lets check it.
70 * 1.43 = 100.10
70* 1.75 = 122.5
Damn , this is not hard.
I taught math to undergrads while I was a grad student. There was always a kid on a hill that, even when presented with mathematical checks, would argue he was right. They never were.
We are here.
WM75Guy
Elite Member
This will not help the price of gasoline.
Your chart.
12/2021 - $70
6/2022 - $123
3/2023 - $70
There was a 75% increase in value between 12/2021 & 6/2022
There was a 43% decrease in value between 6/2022 and 2/2023
If we are discussing percent change over time for a value. This is how it works.
If it was 50% decrease in value from 6/2022 to 3/2023 would have bee 61.50, 75% decrease in value 30.8, 100% decrease in value 0.
… the order of the values in the numerator doesn’t matter much, the correct denominator value is what is important, original/first value always goes in the denominator, provided you can figure out a negative number…
I don’t have any base math texts from grade school for a pure percent change formula that isn’t ‘from the web’, but here is a percent change snippet from Mechanics of Materials by RC Hibbeler from an entry level engineering class.
Not sure what you are trying to prove with this:
70 * 1.43 = 100.10
70* 1.75 = 122.5
70 with a 75% increase is indeed the same as 12/2021 to 6/2022.
(123-70)/70 * 100% = ~75%
Your proof however doesn’t reflect percent change.
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