Gas Prices Explained?
I know the Nimrods on the TV news and other have some lame excuse as to why this is, ever wonder why gas prices go up overnight $.15-$.20 at a time and they always have some lame excuse as to why. It’s winter and they have to add additives. It’s summer and travel season so demand is up. The wind blew in the Gulf, it rained for 4 days straight. Anyway you get the point it never really appears to really be connect to what the price per barrel is though that is in fact what causes it. The point is it make big jumps but trickles down a penny orĀ two at a time. Maybe on a good day it might drop a nickel.
The real issue isn’t the price per barrel or the supply and demand as they want you to believe. The problem is that crude oil is in the futures market and the high rollers who play that game are always trying to guess what the price will be next week, month or year.