I believe it was 4 or 5 days ago the cost of gasoline per barrel was down to $96.00- yet we're still paying well over $3.50-$5.00 per gallon...
My personal pov and answer to my own ? is cynical...
However, I'm intrigued and interested in any well-educated response...
Mostly because the stock market is based on a good 6 months down the road--what businesses and investors THINK will happen in markets. The gas you are buying now was made from oil that was priced higher than that days barrel price. It is like spring clothing--buyers buy that way ahead of season so it is in the stores in time for the spring. I forget which airline hasn't raised prices as much because they made a "gamble" and purchased gas options a good year or two ahead so they would get it at the lower price. So just because the oil price is down, the gas station already contracted at the higher price and they have to recover their purchase price.
Answer by Anonymous at 4:04 PM on Oct. 4, 2008
Answer by EmmahD at 1:03 PM on Oct. 4, 2008
Answer by bdotmom at 1:18 PM on Oct. 4, 2008
Answer by njmommy2boys at 2:08 PM on Oct. 4, 2008
Answer by chillemi78 at 2:42 PM on Oct. 4, 2008
Answer by MarshaB702 at 9:46 PM on Oct. 4, 2008
Next question overall
IM ALMOST 6 WKS PREGO AND SOMETIMES AFTER SEX I SPOT JST A LIL BIT AND IT...
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