FlagDUDE08
Banned
Re: Gear Grinding 6: I'm So Over This.
The oil price you see on the news is a futures price, not what it presently costs them. Plus, the sudden changes in futures prices creates an artificial demand, so they have to buy more product at the higher price to compensate.
Although if you're in the midwest, looks like there's a refinery problem: https://blog.gasbuddy.com/posts/Gre...nplanned-Refining-Issue/1715-621794-3219.aspx
How can gas possibly rise 30 cents today after oil dropped 20% in July, Texas announced they were going to increase production, and projections came out two days ago stating winter prices could drop below 2.00?
And conveniently all stations are changing the exact same despite having differing prices of up to ten cents as of yesterday. Relatively it's crazy cheap compared to just ten months ago, but legalized collusion gets annoying when it's so blatant.
The oil price you see on the news is a futures price, not what it presently costs them. Plus, the sudden changes in futures prices creates an artificial demand, so they have to buy more product at the higher price to compensate.
Although if you're in the midwest, looks like there's a refinery problem: https://blog.gasbuddy.com/posts/Gre...nplanned-Refining-Issue/1715-621794-3219.aspx