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Could someone please enlighten me as to why, when the price of oil goes up (isn't it based on a 90 day delivery) that the price of gas goes up almost immediately. But when oil goes down in price, the price of gas stays the same. I'm confused, or are the big companies just greedy.
 

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has more to do with supply and demand.

There are gas shortages in some parts of the US right now. The people in these areas are willing to pay more for gas, just to get it shipped to them.

This makes for a bidding war. Oil in this case plays a smaller role in the price of gas. Supply and demand factors take over.


Once the gas shortages are taken care of, you will see the price of gas lower.
 
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