Crude down to 112.xx today.... WOO!

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dmcowen674

No Lifer
Oct 13, 1999
54,894
47
91
www.alienbabeltech.com
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
 

Kntx

Platinum Member
Dec 11, 2000
2,270
0
71
Originally posted by: LegendKiller
Originally posted by: nonameo
Originally posted by: BrunoPuntzJones
"Crude oil prices may rise next week as U.S. gasoline inventories fall because refineries are cutting output in response to low profit margins. "

What? But the oil is costing them LESS! That should mean more profits for them! BS!

Do you think the oil in their tanks is the same oil they bought today, or the stuff they bought weeks/months ago?

Yet watch the price jump instantly the day the price of oil goes up.

C'est la vie!