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"the world doesn't end til yer dead, 'til then there's more beatin's in store, stand it like a man, and give some back"
Al Swearengen
quote:Oil goes up, prices at the pump immediately go up based on “estimated replacement” cost.
Of course when prices go down, they seem much slower to respond and keep prices elevated based on what the wholsaie price was for what is currently in the tank.
quote:Originally posted by KMitch200:quote:Oil goes up, prices at the pump immediately go up based on “estimated replacement” cost.
Of course when prices go down, they seem much slower to respond and keep prices elevated based on what the wholsaie price was for what is currently in the tank.
This is the “rocket/feather” effect.
Possible gas increase in price and the rocket took off like a bat out of hell…they only come down at a floating feather rate.
A news station in Phx wanted to see what gas prices vs profit was. When gas prices went up, of course the profits were just marginal.
When the price of fuel went down however, the **VERY** slow decent of price at the pump was where they made a killing.
(They failed to mention that!)
quote:They’re a bunch of swell guys who make pennies off of this. Just ask them.