Can someone explain to me why price at gas pumps jumps the moment crude oil goes up but it takes forever to come down when crude goes down?
Well, its a well known fact, Sunny Jim, that there's a secret society of the five wealthiest people in the world, known as "The Pentavret". Who run everything in the world, including the newspapers, and meet tri-annually at a secret country mansion in Colorado known as "The Meadows". Who's in this secret society you ask?? The Queen, the Vatican, the Yettis, the Rothschild, and Colonel Sanders before he went tet's up. Oooh I hated the Colonel, with his wee beady eyes and that smug look on his face. "Oooh you're gonna buy my chicken, oooh". How could I hate the Colonel, you ask?? Because he puts an addictive chemical in his chicken that makes you crave it fortnightly, smartass.
well i dunno what you are lookin for...i believe oil prices are only slightly outpacing gas prices as a percantage off their highs. i think oil got up to 53 and is now around 41 and gas got up to like 2.05 and is now around 1.68 last time i filled up.
I believe I was told at some point.. The prices at the pump usually don't jump fast enough to account for the increased price of oil.. they have to keep them around longer to account for the fact that they weren't able to immediately bring them up as far as they needed to be..
what ever happen to yetti? that guy was the best poster ever. ::sheds a tear, pours a 40 on the sidewalk::
That is just how everything usually works... my dad buys and sales crude oil for con/phil and he has always told me gas goes high fast down slow it has been like this forever. All I know is my dads bonus will be huge this year record oil prices means records in his pocket.. Also if you like in houston at 1960 at elderidge(sp) at the conoco you can get gas for 1.53 a gallon
