Originally Posted by
Nightshade
So because the price per barrell just hit $94 that means that gas stations who bought fuel and still have fuel in the tanks from when it was at a higher price should sell the fuel they bought for a loss?
Come on man are you serious?
gas stations don't decide their own prices ... not if they wanna keep a brand on their walls and keeping buying from the supplier
they are told at what price to sell ... what they bought it at is generally irregardless
if they bought at 3.09 and tommorow they were told to sell at 2.99 ... they would sell at 2.99. thats why in the same day you may see the price go up twice or see daily increases over a week period ... thats kinda how they offset the losses, they keep up with current prices