Oil price falling...Why is gas price keep going higher?

Question

Oil price fell below $96, but why is the gas price keep going up at the gas stations?
Gas price at the pump is now higher than when the oil was over $100. I don't get it....
Can someone please explain?

Answer 1

The gas that is being dispensed in gas stations were bought at last months prices, $110 per barrel. So, they have to charge a high price to get their money back. By June, you will see prices going down.

Answer 2

Iworked for a place that bought gasoline years in the past and asked the boss "why does he cost replace each and every few days?" He confirmed me a print out from our enterprise, a intermediary, stations get there gasoline from a third occasion variety of, the enterprise sends 3 to 4 cases an afternoon the cost figures for the stations value for a gallon and it will upward push and fall quite a few cents all day. those expenses are based on expectancies of call for by utilising the refineries and comprise the third occasion adult men take for procuring and handing over it to the station. the station frequently will attempt to purchase on the backside value presented and set his cost as an estimate of the 4 expenditures. he does not continuously get it genuine and can loose slightly untill he adusts it the subsequent transport. vast oil in simple terms sells the crude to the refinery's and that they be certain how a lot to produce and sell and at what value. Stations call one yet another annonymously to attempt to triumph over the different guy by utilising a penny or 2 without loosing money, and thats why they're so close.

Answer 3

This is all planned on purpose. The previous downfall in 2008 was preceded by gas prices out of control. America goes to war to gain control of oil in the middle east. Look at whats going on in Libya. Ghadaffi has been a dictator there for a long time. Now all of a sudden America is 'concerned' about them? What about the millions of others suffering in sub saharan Africa and Latin America that have their own dictators killing people? Oh thats right. They are brown and there is no oil there. Please research this. Its all a sick game.