Price manipulation by oilcos and speculators, then they say ';supply and demand'; and ';Free market!'; What BS!Why is it that when oil goes up a buck or so the gas prices jump. Then oil drops 6 bucks the price doesnt drop
I have been doing a study in the Chattanooga area.
When gas futures go up it takes our local stations one to two days to increase gas.
When gas futures decrease it takes our local stations six to eight days to decrease prices.Why is it that when oil goes up a buck or so the gas prices jump. Then oil drops 6 bucks the price doesnt drop
Because ther oil companies are out to get the money they can! The scored record profits last year even after giving all of their employees very large bonuses.
Oil prices are all a scam.
Market speculation. The gasoline is being sold at a price commensurate with the price of crude at the time it was refined.
they call these guys CROOKS
even the President Of The United States cannot control the oil
he's a loser.
These guys get away with selling a legal drug...:(
That is how oil compnaies make money. Ofcourse it is always easy and quick to raise prices and slower to lower them. Their business to make the maximum amount of money possible right?
Because of futures traders. These guys bid the price of fuel well before the true cost is established on a daily basis.
Users are at the very end of a very long supply chain with lots of intervening levels and activities.
I always think gas is a bargain: I'd be willing to pay a lot to move a car a mile and not have to do it myself.
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