[Young Werther]

I was attending SMU during the Pres Carter oil crisis!In my Economics class we studied the oil spikes and did a great deal of research. It took about sixty days for a barrel of oil to reach the US of A. The receiving tank farms were full and it took several weeks for the oil to be processed into end products

On the retail end the local gas station or 711 received its gasoline and diesel fuel about every 10 days on average.

Given that the price changed on a daily basisi during those 10 days it was evident that the retailers were changing the price of gas based on the reported oil speculators activity and not those EVIL oil companies.

Nothing has changed, especially the Economic Ignorance of gas purchasing public!

[goat granny]

The service stations always charge what it will take to refill their tanks...the gas in their tanks may have been lower but to refill them will cost them more... thats where the up price comes from...