Denver: mid grade 1.23
I noticed a couple of years ago when the cost of a barrel was high,
that, when it was reduced, we did not see a decrease at the pump for
about 2 weeks. The official Oil company reply was that we were paying
for gas that was bought at a higher price, was refined, and is took
about 2 weeks to get to the pump. Well, how come that argument does not
hold true when the prices increase?! We see an increase in 1-2 days.
Now here's something we need more government oversight of.
Pedro.
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