Gasoline pump prices

[snow2]

Today crude oil $80/barrel and dropping,my local gas mart still $4.25/gal we had $2.25/gal b4 we hit iran then "poof" 24hrs later $3.50+ /gal same fuel in the ground no over night fuel dump, scam,not to mention we don't rely on mideastern oil or this straight. Curious how this shitshow plays out.

 

[Davy Crockett]

War and speculation , you can thank trump

 

[Sluggo]

I imagine the BILLIONS other presidents sent over there came out of our pockets too, was just disguised in other ways.

 

[Obi-Wan]

Today crude oil $80/barrel and dropping,my local gas mart still $4.25/gal we had $2.25/gal b4 we hit iran then "poof" 24hrs later $3.50+ /gal same fuel in the ground no over night fuel dump, scam,not to mention we don't rely on mideastern oil or this straight. Curious how this shitshow plays out.

Economists call this the "rockets and feathers" dynamic:

• Rising (Like a Rocket): When crude oil prices spike, retail gas prices shoot up almost immediately to reflect higher replacement costs for the next delivery to their station.
• Falling (Like a Feather): When crude oil drops, gas prices at the pump fall much more slowly. Retailers often take longer to drop their prices to sell off older, higher-priced inventory.

making extra bank on both the up and down of crude oil prices

 

[gonefshn]

You don’t become a billionaire or trillionaire by selling gas cheap.

 

[Davy Crockett]

@Rut2much , do you have a better explanation ?

 

[snow2]

War and speculation , you can thank trump

Dude,small short term price to pay for America and Americans safety and security. Thankgoodness for DJT. If we didn't hit iran after they boasted they had 90 kilos of 60% enriched uranium just weeks b4 it becomes 90% weapons grade during our peace negotiations in Geneva it wouldn't be "if" these cave dwellers would hit us but "when?"

 

[svnmag]

Dude,small short term price to pay for America and Americans safety and security. Thankgoodness for DJT. If we didn't hit iran after they boasted they had 90 kilos of 60% enriched uranium just weeks b4 it becomes 90% weapons grade during our peace negotiations in Geneva it wouldn't be "if" these cave dwellers would hit us but "when?"

DO NOT attempt engaging in rational discourse. It won't end well:

That is all.