Anyone else find it absurd (Petrol Content)

[fenderhutz]

When barrels of oil go up on the Merchantile Exchange gas stations raise prices in anticipation the VERY next day 5 or so cents per gallon but when barrels of oil drop like yesterday gas prices still go up?



I find it a convenient way for these businesses to milk money out of people and blame it on oil futures.

[moomoocajoo]

Erm yes, that would be the oil industry doing normal business, no?

[FL Knifemaker]

The barrel price went down (by dollars not pennies) after the offshore drilling ban was lifted yesterday. That's a start

[fenderhutz]

Originally Posted by FL Knifemaker

The barrel price went down (by dollars not pennies) after the offshore drilling ban was lifted yesterday. That's a start

What I was saying though, if it went other way which it has been, the stations have been raising prices on a whim without justification of even receiving a shipment of gasoline at the higher price. But they aren't playing nicely the other way now.

[unbasslichkeit]

Meanwhile, Google around and see if you can find out how much oil the US is still EXPORTING.

I'd do it but

[wazzel]

Originally Posted by FL Knifemaker

The barrel price went down (by dollars not pennies) after the offshore drilling ban was lifted yesterday. That's a start

Only the executave ban was lifted. Drilling can still not happen except in the western Gulf of Mexico until congress lifts it's ban.

[nordic27]

Nothing but pure unmigitated GREEEEEEEEEEEEEED!

[FL Knifemaker]

Originally Posted by wazzel

Only the executave ban was lifted. Drilling can still not happen except in the western Gulf of Mexico until congress lifts it's ban.

I understand that but the lifting of th executive ban definately had an impact on the price.

[Lalabadie]

Here the gas can go up .03 or 0.4$/L on paydays

[FL Knifemaker]

Originally Posted by ProBeachBum

It's totally out of control. We need to start running our autos off of water and reduce the silly demand for oil. Not to get too policital but have you guys seen pictures of Dubai's 'main drag' lately? Its unreal - thats where most of the worlds oil money is going.

I know several guys that are millitary contractors. They fly in and out of Dubai and vacation there all the time. The pictures are incredible.

[wazzel]

Originally Posted by FL Knifemaker

I understand that but the lifting of th executive ban definately had an impact on the price.

Not saying that it did not, but there are several new articles that are claiming other reasons for the price drop yesterday.

[PaleMelanesian]

I saw several stations with lowered prices today. Only a few cents, but still, they were lower.