Quote:
Originally Posted by Ross
That is my biggest problem with it, when the prices of a barrel fall, the pump price takes like 2 weeks to drop a little. When Oil fell from $147 a barrel to $50 a barrel, the prices only dropped in the UK by about 20%. Unbelievable.
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The story a station owner told me was this. The price that the station paid was at the old, HIGH price, so until that supply is gone, they have to recoup their money. That IS a legitimate argument.
HOWEVER, when the price per barrel JUMPS, they would have ALSO bought a supply of gas at the old LOW price. Yet the price at the pump jumps instantaneously.
That makes their argument nothing but total bullshit.