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Message Subject
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Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price
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Poster Handle
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Billxam |
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Did CA see an increase in gasoline taxes?
See, here's how all this works according to the industry experts here in Michigan when we wanted to know what the hell is up with gasoline prices.
The supply chain, you see, is very long - it takes up to two weeks for the gasoline produced at the lower per barrel price to reach the pump. That's why you don't see an immediate drop in gas prices when oil falls.
On the other hand, the supply chain is so short due to just in time stocks that the rise in oil prices is reflected at the pump within 24 hours of the price of a barrel of oil going up. Really, there's nothing we can do about that.
And that's how they explain it. No collusion between the companies or refineries of course. Honest to God that's how they explain it. That's in Michigan of course. Your state my do it differently.
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