dmcowen674
No Lifer
Originally posted by: Rainsford
Originally posted by: Vic
Downstream (from refineries to gas stations) gets hosed by falling prices because they're still selling off inventory they bought at higher prices.
True enough, but that doesn't seem to stop them from pretty instantaneously RAISING prices when oil prices go up, despite the fact that they are still selling their inventory bought at lower prices.
Sure gives reason for the oil & corporate apologists though