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To: Small-L
Can someone explain why, when the price of crude oil goes up per barrel, the price at the pump goes up immediatly. But when the price of crude goes down, it takes weeks to see a price change at the pumps?
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8 posted on 11/03/2005 7:50:31 AM PST by Old Seadog (Inside every old person is a young person saying "WTF happened?".)
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To: Old Seadog

Cause they can get it.


9 posted on 11/03/2005 7:52:29 AM PST by Eric in the Ozarks
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To: Old Seadog

Do you have data to cite or are you just assuming that?

If true, on reason is could be that many states have laws that gas stations must charge a certain percent over what they paid for the gas. So if the price the stations pay goes down they cannot lower prices until they sell out the higher priced gas.

Competition makes the price go down. Anti-competition laws (basically anti Wal-Mart/Sams Club gas station laws) that keep prices higher would be to blame.


11 posted on 11/03/2005 9:13:37 AM PST by On the Road to Serfdom
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