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Most don’t realize we’re getting hosed in more way than one. When crude oil prices increase the gas already in the gas station gas tanks (has already been paid for). Increases in the pump prices to us shouldn’t take place until that gas has been replaced and the new price has been paid.
BTW, as an aside, I noticed there are a few prolific posters around here. Some have 100s of posts every month. Hundreds!
One has over 400 posts per month! Whew. Just sayin…
Most don’t realize we’re getting hosed in more way than one. When crude oil prices increase the gas already in the gas station gas tanks (has already been paid for). Increases in the pump prices to us shouldn’t take place until that gas has been replaced and the new price has been paid.
Not defending the gas station owners, but.... what do you do when the gas price drops quickly and you have "expensive" gas in the tanks? . As far as I know, the net profit margin on gas is under 2%.
I really don't know how it works with the gas stations and pricing. I saw a local news interview with a gas station owner and he said that each night he gets an email from Shell telling him what his prices need to be for tomorrow. He said he has some wiggle room from those, but not much.