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We are getting ripped off as usual. A barrel of oil is now $80. Thats 25% cheaper than a month ago. Prices have dropped about .25%...... i am tired of the price immediately jumping up when the price of barrel goes up, but it takes months for the price to drop. Total BS!
That's wrong - the price goes up immediately when anything happens that might cause an increase in prices, even before the price increases! GRRRRRRR!
More expensive does not equal better.
It's all being delivered By Island Transportation or Mystic from the same place.
The highly skilled Arabic gas station workers never stick their tanks or remove condensed water so the finest, highest quality gas available can be compromised the moment it is pumped from the truck to the underground tanks.
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Very true I once bought gas at a "Metro" sta in Northport (its always the cheapest in town),And drove way up state the next morning the car would not start the gas tank was saturated with water,the mechanic showed me he could not even light the gas with a match.The repairs and time stuck up there cost me a lot.
Buyer Beware
We are getting ripped off as usual. A barrel of oil is now $80. Thats 25% cheaper than a month ago.
Except that it's not the price of crude oil that determines the price of gasoline, but vice versa.
Despite what the MSM reports, more often than not, it's not the price of crude oil that determines the price of gasoline, heating oil and other distillates, but it's the price of gasoline, heating oil and other distillates, adjusted for the crack spread (gross refinery operating margin) that determines the price of crude oil.
Bear in mind that demand for crude oil is a derived demand, derived from demand for gasoline, heating oil and other distillates. If there was no demand for gasoline or heating oil, there would be no demand for crude oil as it has no use other than to refine to make other things, and it's price would be zero and in some cases less than zero (it would be a nuisance and those with pools of crude oil on their properties would have to pay to have others take it away).
Except that it's not the price of crude oil that determines the price of gasoline, but vice versa.
Despite what the MSM reports, more often than not, it's not the price of crude oil that determines the price of gasoline, heating oil and other distillates, but it's the price of gasoline, heating oil and other distillates, adjusted for the crack spread (gross refinery operating margin) that determines the price of crude oil.
Bear in mind that demand for crude oil is a derived demand, derived from demand for gasoline, heating oil and other distillates. If there was no demand for gasoline or heating oil, there would be no demand for crude oil as it has no use other than to refine to make other things, and it's price would be zero and in some cases less than zero (it would be a nuisance and those with pools of crude oil on their properties would have to pay to have others take it away).
Walter, are you saying that "supply-side economics" was a bunch of malarkey after all?
More expensive does not equal better.
It's all being delivered By Island Transportation or Mystic from the same place.
The highly skilled Arabic gas station workers never stick their tanks or remove condensed water so the finest, highest quality gas available can be compromised the moment it is pumped from the truck to the underground tanks.
do you know how companies get thier gas? when gas companies go to buy thier gas, they sell it grades. its not just 5 types, theres 100's of grades. the price clubs get the crappiest gas usually. they get the gas the well known companies wont even go near.
Except that it's not the price of crude oil that determines the price of gasoline, but vice versa
Sorry, when a barrel of oil goes up, the price of gasoline at the pump goes up immediately. In theory you should be right, but it's not working out that way.
Sorry, when a barrel of oil goes up, the price of gasoline at the pump goes up immediately. In theory you should be right, but it's not working out that way.
Optical illusion: first the wholesale price of gasoline rises, and then crude oil, but regular folks only see the crude oil and then the retail price of gasoline.
Optical illusion: first the wholesale price of gasoline rises, and then crude oil, but regular folks only see the crude oil and then the retail price of gasoline.
I'm not blind Walter. It's been going on for years.
Ive been praying tgat the price would have kept people from getting in their cars and driving out here to northern suffdump but seems the minivan crowd still wants to show their mensa qualified 13 month old what a farm is
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