Have you ever noticed....?
...that when an oil price hike is announced, almost immediately the gas stations raise their prices? But when a reduction in crude oil is announced, the prices at the pump don't drop for days or even weeks, if at all? I understand that the gasoline in the ground was purchased at a rate that may have been higher weeks before, so I can also understand why an immediate drop cannot always be expected. But why, when an increase is announced on crude oil that hasn't even been refined into pump gasoline yet, do the station prices go up that very day? We all know why - GREED. I take careful note of which stations do this and avoid them in the future whenever possible. If we all did that, the stations might behave themselves and raise/lower their prices according to the cost of the gasoline in the ground that they are selling THAT DAY, not in three weeks after the newly-refined gasoline has been delivered.
Or am I expecting too much?
Marshall
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