Gas Prices Going Up

Originally posted by Anonymous ATS
How come gas price at the pump is going up but gas price per barrel is going down

Value of inventory?

If your station bought gas when say the RBOB future was at $1.30 a gallon and while you have that load of gas in your tank at the pump, RBOB sells down to $1.10. Are you going to sell what you previously purchased $0.20 higher for $0.20 lower, taking the .20 a gallon loss? I doubt it. Your prices will come down $0.20 when you purchase another load of gas at the lower rate.

Will they not?

I use RBOB for reference but it'd probably be more correct to say if the gas was made from higher priced crude. I don't know much about that end of the deal. But it seems gas at the pump lags a ways behind RBOB+RoadTax and I assume that has to do with the value of the gas purchased by the station at the time of purchase.

when time will come to control population, oil weapon will
be use and we will see oil price go even higher then we already saw