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Old 01-28-2023, 08:25 AM
Jazzman Jazzman is offline
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Quote:
Originally Posted by RiderOnTheStorm View Post
Ever notice how prices go up instantly but take months, if ever, to drop? Merchants are clearly incentivized to take advantage of the higher margins caused by dropping costs (i.e. lower inflation). Classic example; gas prices. Something happens in the Middle East and pump prices go up over night, even though the new oil takes 3 months to be shipped, refined and delivered to market.
Oil pricing is determined by the futures market. Because the price of a barrel drops today doesn’t mean the price at the pump will go down the very same day.