theArtistFormerlyKnownAs
Well-Known Member
I thought the price of oil went down...so why did gas prices jump something like 20 cents in 2 days? 
Did I miss something?
- Thread starter theArtistFormerlyKnownAs
- Start date
misshelper
New Member
Welcome to winter.
theArtistFormerlyKnownAs
Well-Known Member
:shrug:
GMR Wawa went from 1.55 regular to 1.75 regular in, like I said, 2 days or so
Tilted
..
The market dynamics are complicated and multi-layered. Long story short, the 'price of oil' that gets widely reported (i.e. the current trading price of the futures contract for oil to be delivered next month) does not correspond directly and instantly to the retail price of gas at the pump.
SoMDGirl42
Well-Known Member
Me too
I think once people realized they were doing that, it was getting pretty busy in there. I saw one guy bring two vehicles, then as he was leaving said he'd be back with the other two. What time were you there? I stopped in about 10.
dn0121
New Member
Me too
What time were you there? I stopped in about 10.
about 10:15 I gather
B
Beaver-Cleaver
Guest
But how come everytime the price of oil surges, gas prices surge a day or two later but when oil goes down, it takes weeks for gas prices to go down?
The market dynamics = Exxon and Shell wanting more money.
But how come everytime the price of oil surges, gas prices surge a day or two later but when oil goes down, it takes weeks for gas prices to go down?
The market dynamics = Exxon and Shell wanting more money.
Because when the prices go down, they still have higher price oil in their pumps. They aren't going to lose money.
theArtistFormerlyKnownAs
Well-Known Member
But how come everytime the price of oil surges, gas prices surge a day or two later but when oil goes down, it takes weeks for gas prices to go down?
Exactly.
That was the main point of this thread
theArtistFormerlyKnownAs
Well-Known Member
and I've also read/heard that when stations buy their gas at XX price, they obviously can't lower their prices until they sell all of that higher priced gasoline, and then invest in the cheaper stuff.
:shrug:
I was just making an observation
I'm boycotting gasoline as long as I can stand it. (probably till sunday 
)
desertrat
0_0
Me too
What time were you there? I stopped in about 10.
How did he do that? Drive 100 yards, stop and run back and get the other one. Drive 200 yds , stop, go back and get the first one, etc. etc.?
and I've also read/heard that when stations buy their gas at XX price, they obviously can't lower their prices until they sell all of that higher priced gasoline, and then invest in the cheaper stuff.
:shrug:
I was just making an observation
I'll boycott it too.
I leave work in 61 minutes. My boycott will be over in about 65 minutes. Already on E. Gas companies have us
theArtistFormerlyKnownAs
Well-Known Member
I'll boycott it too.
I leave work in 61 minutes. My boycott will be over in about 65 minutes. Already on E. Gas companies have us
Its sad but true
I can't give up driving...the bus isn't really my thing Its sad but true
I tried. Really really tried to not use gas. I rode my bike to work. Only got to work 2 hours late.
theArtistFormerlyKnownAs
Well-Known Member
You're SUPPOSED to hold on to the back of a car. Didn't you read your Obam-anual that tells you that shows you ways to mooch off of people instead of needing to earn money?
That one goes out to the SOMD righties 
But how come everytime the price of oil surges, gas prices surge a day or two later but when oil goes down, it takes weeks for gas prices to go down?
The market dynamics = Exxon and Shell wanting more money.
I was at the PF Safeway this afternoon after work @ around 2:30 and gas was $1.71. Went into Safeway, shopped about 1/2 hr. and came out - gas was $1.69.
JimW711
Driving the Z
I thought the price of oil went down...so why did gas prices jump something like 20 cents in 2 days?
It's part of all the "change" we've been hearing about from the elections.