Gas Prices

August 28, 2011 § Leave a comment

Why is it, when the price of a barrel of oil goes up, we see the increase in the price at the pump almost immediately, But, when the price of a barrel of oil goes down, the “oil analysts” tell us to see this reflected at the pump, “in about four to six weeks.”

And can someone give me a rational reason for gas prices to fluctuate wildly, when the cost to produce oil, refine it, and transport it, stays relatively constant?

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