Gasoline prices are not determined by crude prices. They are linked, but not directly. It's like a baker basing the price of his cookies on the cost of flour. It's only an ingredient in the final product. Prices go up more for other reasons than the cost of crude. Around big travel holidays prices will spike because the gasoline retailers know they can charge whatever they want and people will still buy.
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I'd go with the speculator's answer. The drive to price up so they can make more money.
The price at the pump always goes down slower than it goes up. What I've noticed is that when the price per barrel goes up one dollar, the price of gasoline seems to jump between 5 and 10 cents a gallon. When the price per barrel goes down a two or three dollars, the price at the pump drops 1 cent.
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Originally Posted by borndead1:
They are raising gas prices because they can.
Originally Posted by forgop:
This answer is correct.
Exactly. There is absolutely nothing to stop them - they could charge $10 a gallon and we would pay it - and they know that. We could ***** and moan all we wanted - would not change a thing.
Ron
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Originally Posted by forgop:
Obama's in bed with "big oil"?
Originally Posted by loki:
*face palm* there are any number of things you can blame the boy king for but this isn't one of them. if you remember oil hit an all time high under bush I'm all for hating obama but ya gota pick your battles.
the price of oil is going down and gas is going up for any number of reasons, fudging the refinery margins, the in house brokerage firms messing with prices, ect ect ect
Originally Posted by floydp:
Ok fellers you know political rhetoric is a no no at the nut house? Lets keep the political bs out of this discussion or this thread will insight passions that do not belong on a cigar forum. At least not this one.
Originally Posted by forgop:
I'm not trying to turn this into a pi$$ing match at I'm not fan of GWB by any means. Just illustrating the point that what is good for one is good for another.
As floydp pointed out, political rhetoric is not allowed. That would include "illustrations".
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