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To: Jomini

Yet, the self-service regular unleaded is in the low $1.90's in So Cal which is the lowest it's been all year...
Correct if I'm wrong, but don't these service stations price their fuel by what they anticipate what they will have to pay for their next order???
So if that be the case wouldn't it seem that the price of crude has "topped out?"


8 posted on 08/13/2004 12:15:04 PM PDT by kellynla (U.S.M.C. 1/5 1st Mar Div. Nam 69&70 Semper Fi http://www.vietnamveteransagainstjohnkerry.com)
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To: kellynla
So if that be the case wouldn't it seem that the price of crude has "topped out?"

No, the current contract that we're hearing all the buzz about is for December deliveries. Service stations (or their suppliers, more precisely) will not be pricing that in until October.

10 posted on 08/13/2004 12:17:50 PM PDT by AntiGuv (™)
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