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Viewing 6 posts - 1 through 6 (of 6 total)
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  • October 9, 2008 at 1:46 PM #14147
    donaldduckmoore
    Participant

    Oil price partly contributes to our country’s inflation condition. Interestingly, when oil price hit 150 a barrel, pump price was hitting 4/gallon. Now when barrel price is coming down to less than 100. We don’t see any signficant drop at the pump price. What was the pump price before the barrel price hit 100 back then? I am sure the oil companies are fixing the price.

    October 9, 2008 at 3:38 PM #284305
    svelte
    Participant

    This is something that infuriates me each time it happens. When gas companies start paying more for oil, they jack the prices and the pump IMMEDIATELY, even before that “barrel” gets onshore!

    But when prices drop, they keep those prices jacked up forever.

    If gas was truly competitive, they wouldn’t be able to do that.

    Grrrr.

    October 9, 2008 at 3:38 PM #284594
    svelte
    Participant

    This is something that infuriates me each time it happens. When gas companies start paying more for oil, they jack the prices and the pump IMMEDIATELY, even before that “barrel” gets onshore!

    But when prices drop, they keep those prices jacked up forever.

    If gas was truly competitive, they wouldn’t be able to do that.

    Grrrr.

    October 9, 2008 at 3:38 PM #284618
    svelte
    Participant

    This is something that infuriates me each time it happens. When gas companies start paying more for oil, they jack the prices and the pump IMMEDIATELY, even before that “barrel” gets onshore!

    But when prices drop, they keep those prices jacked up forever.

    If gas was truly competitive, they wouldn’t be able to do that.

    Grrrr.

    October 9, 2008 at 3:38 PM #284637
    svelte
    Participant

    This is something that infuriates me each time it happens. When gas companies start paying more for oil, they jack the prices and the pump IMMEDIATELY, even before that “barrel” gets onshore!

    But when prices drop, they keep those prices jacked up forever.

    If gas was truly competitive, they wouldn’t be able to do that.

    Grrrr.

    October 9, 2008 at 3:38 PM #284646
    svelte
    Participant

    This is something that infuriates me each time it happens. When gas companies start paying more for oil, they jack the prices and the pump IMMEDIATELY, even before that “barrel” gets onshore!

    But when prices drop, they keep those prices jacked up forever.

    If gas was truly competitive, they wouldn’t be able to do that.

    Grrrr.

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