if oil dropped 70% theorietically shouldn't the price of gas drop somewhere close to that? yet on the day that oil dropped near 3 dollars per barrell, my gas stations raise their prices by 20 cents. come somebody make sense of this to me!
I do not know the reason, but do you think that it has something to do with the delivery?
Like for example, the oil prices we see today are for January delivery. So the effect of today's prices will only be in January??
I do not know the reason of that but I think it has something to do with the delivery?