Why is it that only the people in the industry remember the years when companies went out of business right and left, when layoffs in the Oil and Gas industry were enormous, when not one rig was drilling in whole regions?
Oh, that never makes the news, but make money in years when things are good, to pay for the next massive investment to keep things going and you are eeeeeevil, and "Big" and all those other Socialist miseries which the free market can foist on the poor proletariat.
They raised the price 25 cents a gallon 'just in case' there's a strike...25 cents pure profit with no justification...
If the price goes up, they have to pay for the next load of fuel with the fuel they have to sell today. Think about it.
And maybe the cost does fluctuate that wildly from day to day or hour to hour...But that doesn't seem to reflect the reality of it all...I have seen prices jump 25 cents and more all at once...I have never seen the price drop more than a few pennies at a time...
It's hard to believe that the cost of the gas would jump that quickly without falling just as quickly...Just word of this strike alone caused a 25 cent jump in my area...
There is one station I drive by daily (and sometime stop at) which is an Admiral station...The price fluctuates often and is often 10 to 15 cents below everyone else around who are never more than 1 to 2 cents off from each other...I'm thinking this single station may actually represent the rise and fall in their cost of the product...