Oil at 122.00

[HappeetxnR.N.]

Ok so oil "plummeted" to 122.00 today. So over night the gas stations are going to lower their prices by .20 just like they do when when it goes up right?
I already know the answer to this but just had to vent.
Craig

[breuer69]

I doubt if it will go down like that over night, but the diesel prices around here seem to be creeping down a bit. I saw $4.499 on my way to work this morning.

[Barrie in Maine]

Originally Posted by HappeetxnR.N.

Ok so oil "plummeted" to 122.00 today. So over night the gas stations are going to lower their prices by .20 just like they do when when it goes up right?
I already know the answer to this but just had to vent.
Craig

Don't know about Dallas,Tx but here they will probably raise it .10

[breuer69]

I love some of the arguements I hear:

When oil goes up:
We have raise the price to cover the cost of the next load at the higher cost.

When oil goes down:
We paid X for the fuel in our tanks so we have to recover those costs.
???? But didn't they do that when the raised there prices to pay for it????

[dsnodd]

The station in town went up .08 last night.

[MrJohnWayne]

of course not... you know they have to use the supply that was 130.00+ a barrell before they can use the cheaper stuff... funny how that should be a 2 way street but isn't

[ford99PSD]

Originally Posted by HappeetxnR.N.

Ok so oil "plummeted" to 122.00 today. So over night the gas stations are going to lower their prices by .20 just like they do when when it goes up right?
I already know the answer to this but just had to vent.
Craig

actually it dropped from 5.19-4.99 last night i thought the world was gunna end