Quote:
Originally Posted by blackmonsters
You have to figure in inventory.
If I have a month's inventory of oil and the price of oil drops; I still have to
sell a months worth of oil at the previous price since I already bought it.
And motor oil is not crude oil and it has to be refined and graded.
.
|
that's not how the pricing works on oil.
I understand motor oil is refined, but it certainly is NOT refined more than gasoline and its refin9ng process doesn't cost 10x more than gasoline.