Archive for April 26th, 2008

Why is it that when the price of oil rises, our gas price also rises immediately?

Saturday, April 26th, 2008
oil price
Observer asked:


However, when oil prices are down, it takes WEEKS for it to reflect on our gas prices?

There is something VERY shady about this!
Gary S- If inventory replacement cost are immediate, than gas prices should not just immediately be raised but, immediately be lowered as well. Correct?

Mike

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Posted in oil prices | 8 Comments »

How can oil be at its lowest price of the year and gasoline prices rise at the same time?

Saturday, April 26th, 2008
oil price
Yoyome asked:


Yahoo had this: http://news.yahoo.com/s/ap/20061117/ap_on_bi_ge/oil_prices_51 and this: http://www.latimes.com/business/la-fi-gas14nov14,1,1475055.story?coll=la-headlines-business on its homepage news at the same time. I have heard election and Republican conspiracy theories but please don’t post a response like that without hard evidence.

Steve
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Posted in oil prices | 3 Comments »