If the price of gas is regulated by the cost of crude,and when the cost of crude goes up,the price of gas at the pump?

Similar questions: price gas regulated cost crude pump.

Greediness of course. The object of the oil companies is to make money, so the moment they have an excuse to raise prices, they'll take it. The moment there's a reason to lower prices they're suddenly a lot more sluggish.

You're right that if the cost followed the actual substance there'd be quite a few days between crude oil cost and the price at the pump.

Thanks for the comment. Squeeky-changes-suck 3 months ago .

Gas stations price gas to be competitive with other stations in the area. The profit margin on gas is relatively low, like 5%-- stations make a lot more on stuff you go into the store to buy, like drinks and snacks and smokes. The ups and downs of gas prices reflect the market and the suppliers and distributors tendency to try to reduce risk-- they're anticipating price hikes and trailing on price drops.

Thanks. Squeeky-changes-suck 3 months ago .

" "what price does a refining company pay for crude oil in the U.S. Vs. The futures price?" "what is the price of gas in your town? " "How much does it cost to have an automatic watch with ETA Swiss movement regulated in NYC?

What price does a refining company pay for crude oil in the U.S. Vs. The futures price?

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