Oil prices down substantially; gas price in your area?

[lawgator1]

Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

 

[Orangeburst]

Already a thread for this

 

[MG1968]

Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

Congratulations on not blaming Bush or Trump in your OP. I’m sure it’s coming, but at least you didn’t lead with it.

 

[lawgator1]

Congratulations on not blaming Bush or Trump in your OP. I’m sure it’s coming, but at least you didn’t lead with it.

No, this has been going on a looooonnnnngggg time.

 

[norrislakevol]

Prices will tank once we strike the bottom of the upcoming recession. It's the way it works.

 

[joevol33]

$3.19 here, up 20 cents

 

[WoodsmanVol]

Congratulations on not blaming Bush or Trump in your OP. I’m sure it’s coming, but at least you didn’t lead with it.

Greedy corporations are the cause of high prices. They give capitalism a bad name. Current price in my area as of today is $2.99. But then we tend to be lower than average around here anyway.

 

[VolStrom]

Greedy corporations are the cause of high prices. They give capitalism a bad name. Current price in my area as of today is $2.99. But then we tend to be lower than average around here anyway.

Lol! Have you ever had a class in business?

 

[W.TN.Orange Blood]

$3.19 here, up 20 cents

$2.99 here in spots of the city.

 

[WoodsmanVol]

Lol! Have you ever had a class in business?

In a nutshell, none of your business, Mr. supply and demand. Doesn't stop corporate greed, BTW. It's called price gorging.
Ever heard of ethics? Naw, Appollyon's progeny deny it exists.

And I do hope Trump is jailed, he's gotten away with way too much for decades. This time, the January 6'ers will find a better prepared, and willing to use force security setting.

Whatsoever, for any cause,
Seeketh to take or give,
Power above or beyond the Laws,
Suffer it not to live!
Holy State or Holy King—
Or Holy People’s Will—
Have no truck with the senseless thing.
Order the guns and kill!

 

[MG1968]

Greedy corporations are the cause of high prices. They give capitalism a bad name. Current price in my area as of today is $2.99. But then we tend to be lower than average around here anyway.

.gov on all levels reaps more revenue from a gallon of gas than the oil companies do.

 

[McDad]

That price gorging is serious.

Creates quite the chasm between consumers and retailers.

 

[Pepe_Silvia]

Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

That's cool and all but I wanna know if the speed of your mail has picked back up yet.

 

[VolStrom]

That's cool and all but I wanna know if the speed of your mail has picked back up yet.

Lol! He's still waiting on his "dividend" checks. Good memory.

 

[McDad]

That price gorging is serious.

Creates quite the chasm between consumers and retailers.

Btw, gas was cheaper when we filled up this weekend on our trip to the Tennessee River Gouge.

 

[Orangeburst]

Btw, gas was cheaper when we filled up this weekend on our trip to the Tennessee River Gouge.

It must of left quite a wound!

 

[MurphyVol]

State and Feds account for .44¢ of the cost on every gallon (depending on your state).

I

 

[Rasputin_Vol]

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

You do have a point with this comment.
Yes, it is very likely collusion. But remember... if you assume that it is collusion, then you are a tinfoil hat conspiracy theorist

 

[scooty_vol]

Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

Nope, my area is up over 3 dollars a gallon. So no, prices continue to go up

 

[lawgator1]

You do have a point with this comment.
Yes, it is very likely collusion. But remember... if you assume that it is collusion, then you are a tinfoil hat conspiracy theorist

If it were ever proven that the gas wholesale or retail giants worked together to fix prices the anti trust lawsuit cost to them would be in the tens of trillions.

 

[BigOrangeMojo]

You do have a point with this comment.
Yes, it is very likely collusion. But remember... if you assume that it is collusion, then you are a tinfoil hat conspiracy theorist

It's not collusion, per se, but stores will use an increase in commodity prices to immediately raise prices even if the price increase isn't hitting them yet.

On dips in oil prices, they wait for a competitor to drop prices. There's some lag here.

Gas stations make their profit largely on the upward and downward lags. If oil stayed constant, gas stations wouldn't make as much $$$...

 

[Godfatha]

I’d say oil prices are really gorgeous right now

 

[Thunder Good-Oil]

It's not collusion, per se, but stores will use an increase in commodity prices to immediately raise prices even if the price increase isn't hitting them yet.

On dips in oil prices, they wait for a competitor to drop prices. There's some lag here.

Gas stations make their profit largely on the upward and downward lags. If oil stayed constant, gas stations wouldn't make as much $$$...

There are also some regulations that the retailers (at least the big companies) must follow. If the fuel is already in their underground tanks there are limits to the “gorging” of customers that they can get away with. They need to take more deliveries at the higher price.

 

[LouderVol]

went down about 10 cents, then bumped back up over night 3 cents. 3.09 is the cheapest I have seen around me.

 

[Vol8188]

Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?

This sounds like a dangerous conspiracy theory that harms our minority communities