Quote:
Originally Posted by wingfanjim
because the gas you are putting in your car today doesn't come from oil that was purchased at today's prices. It could be a couple of weeks old as it takes time to transport it to a refinery, refine it, then transport it to gas stations. If you fill up today, the gas you use might have come from oil purchased at $130/barrel. Two or three weeks from now, the fuel prices at the pump should reflect that $115/barrel price point for the crude oil.
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Well, we know that's BS too. When oil was plummeting w/in the past two weeks, the prices still went up precisely $.20 every weekend. Not only that, but prices were going down too. If that price should match up with the price from the previous 2 to 3 weeks, then it should have been at an all time high.