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marmar

(77,081 posts) Mon Jul 6, 2015, 09:16 PM Jul 2015

Oil prices have dropped almost 15 percent in a week and a half at the casino, err, Wall Street.....

...... but I haven't noticed a corresponding drop in prices at the gas station. Is it just me?

2 replies

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Oil prices have dropped almost 15 percent in a week and a half at the casino, err, Wall Street..... (Original Post) marmar Jul 2015 OP

Nope. Still 3.30 in most of California. onecaliberal Jul 2015 #1

Most gas stations don't react to day to day fluctuations. Lucky Luciano Jul 2015 #2

onecaliberal

(32,861 posts)

1. Nope. Still 3.30 in most of California.

Reply to marmar (Original post)

Mon Jul 6, 2015, 09:18 PM

Jul 2015

Lucky Luciano

(11,256 posts)

2. Most gas stations don't react to day to day fluctuations.

Reply to marmar (Original post)

Mon Jul 6, 2015, 09:29 PM

Jul 2015

I watched this closely in the latest round of price increases. Oil prices on the CME went up a lot - and gasoline went up even faster in the last few months on the CME. It usually took a week or two for the increase to hit the pumps.

On edit - there was one station that reacted very quickly to the fluctuations. I expects their price to come down tomorrow or the next day after today's rout.

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