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wishstar

(5,819 posts)

7. But yet gas prices are much slower to go down after global prices fall

Reply to Klarkashton (Reply #6)

Fri Mar 6, 2026, 01:44 PM

Yesterday

Many studies and reports have documented this phenomenon that the industry tries to defend with various explanations that aren't very convincing as to why prices jump up so much faster than they fall back.

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Bengus81

13 replies

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Our gas increased another 30 cents this morning. [View all] Norbert Yesterday OP

Oil's up +12% just today SamuelTheThird Yesterday #1

Guy on FB by name of Mr. Global puts out very informative videos on oil/gas and how those companies work Attilatheblond Yesterday #2

That's just the start. Wait till this shit drags on and tankers Klarkashton Yesterday #3

And all because he has to distract us from his raping kids. Norbert Yesterday #5

This is bullshit too, because the oil that's being bought at $90+ a barrel won't hit the pumps for weeks kysrsoze Yesterday #4

Price is immediately reflected at the pump since Klarkashton Yesterday #6

But yet gas prices are much slower to go down after global prices fall wishstar Yesterday #7

They hang on to the higher price as long as possible. Klarkashton Yesterday #8

They buy futures. No convince store bought futures (months ago) for Feb or March at what these Bengus81 Yesterday #9

What they have in storage or on the way is actual Klarkashton Yesterday #10

Thanks for agreeing with what I said........ Bengus81 Yesterday #11

Headed to $5 pretty quick based on today's oil price moves JCMach1 Yesterday #12

It was inevitable. Klarkashton Yesterday #13