Okay I just don’t get it now!
How is it possible that gas prices went up 20 cents in 24 hours?
The price of oil was taking a pounding for 2 weeks and the price of gas slowly made its way down to $2 per gallon and we were told that the reason prices fell slower than oil was due to the inventory that the stations had on hand…flash forward to tomorrow when we will be told that the reason prices jumped so much so quickly was due to the expectant delivery of gas.
So which is it? Is the price of gas determined by: a) the cost of the fuel in inventory? b) the cost of the fuel in the next shipment?
Wednesday, January 24, 2007
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