JK_DILLA said:
Price of crude oil rises, gas goes up. price of crude oil falls, gas stays up. Hell, if they keep it at near $3, we stop complaining and buy alot when its $2.50. Creating a "shortage" to jack it up more. Thats just savy buisness. i blame.... illegal whaling in the glacier rainforests.
See you're on my page now...
OK OK... listen up... I'm Gas Man and I got the low down... hence...
GAS Man!!
The a-holes in New York freak out cause there is a sand storm in south africa which is about 3 gazillion miles from the sand box they get their oil from... they leak it out to the media. The media puts it in the news... more stock exchangers hear about it and the price of crude goes up $4 in one day! That afternoon the price of the gas at the pump goes up $0.50!!! :rant:
Bush opens the national reserves... which makes the supply greater... but it takes 3 weeks for the price to trinkle back down... why? :cursin:
Now lets conquer the idea of future profits/earnings... everybody asks why do they charge more for my gas now if the crude just went up... the gas I'm pumping is at the old price! Here's why... The BP gas station has lots of "old" gas... selling it for $2 a gallon. The Mobil down the street, also selling at $2 per gallon, has some but not alot... The price of crude goes up as described above. Now they keep selling it at $2. The Mobil gas station runs out first..orders more gas and pays more so therefor raising the price to $2.50. While the BP has lots left over..keeps selling it at $2...
What happens? Everybody and their brother starts buying their gas at that BP for $2 not $2.50... That don't work well for them... so they keep it even...everybody jacks up their price. Besides their in it to make money. They know they can charge more cause they are following suit. Not to mention they know their next load is going to be more money so charge more now and it effects their ledger less.... see?
Now wasn't that simple...
