Quote:
Originally Posted by spinelll
Please explain this equation to me:
- Crude oil price rises ($100+/barrel) = gasoline price rises ($4.00+/gal) = motor oil price rises ($4.24/qt). Understood.
- Crude oil price falls ($35/barrel) = gasoline price falls ($1.87/gal) = motor oil price remains the same ($4.24/qt). Not understood.
How is it that I’m paying $1.87 for a gallon of gas and $17.00 ($4.24/qt) for a gallon oil?
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They are going to charge what you are going to pay, simple.
Did you know that with diesel at it lowest price since 2004 and gas at it's lowest price since 2008, UPS still charges a fuel surcharge for the same reason, If you are going to pay it they will continue to charge it.