There is an approximate 2-3 week delay from the impact of the price per barrel.
As they say....
The price change takes a while to work it’s way through the pipleline.
Yep.
As they say, oil goes up like a rocket, and down like a feather....
The price change takes a while to work it’s way through the pipleline.
That's when prices go down. When they go up, the price at the pump jumps immediately. The excuse is that they have to pay for the upcoming increase. Yeah, whatever...
The price change only takes awhile if it’s going down - if it needs to go up at the pump, it’s done immediately.