How do oil prices work?
Thursday, December 4th, 2008
Eric u asked:
I don’t get how oil prices work. I know at one point oil is drilled up by oil companies, and then it gets to gas stations. The confusing thing to me is the oil futures market. How does that factor in? Do the oil companies not actually sell the oil directly to the gas stations? Please help me out here.
Jacqueline
I don’t get how oil prices work. I know at one point oil is drilled up by oil companies, and then it gets to gas stations. The confusing thing to me is the oil futures market. How does that factor in? Do the oil companies not actually sell the oil directly to the gas stations? Please help me out here.
Jacqueline
