Oil hit $130 per barrel.
03-15-2022 | 08:01 AM
#23
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Sad but true. Rocket up, down like a feather. There really isn't a mechanism that causes that, simply that station managers when oil prices are rising take the opportunity to raise prices rapidly, possibly even getting ahead of oil price increases, and on the way down they drag their feet reluctantly to lower them. Great for consumers.
03-15-2022 | 09:40 AM
#24
Gets Weekends Off
Joined: Feb 2011
Posts: 1,327
Likes: 0
10% inflation.
Ukraine/russia war
Fed policy tightening tomorrow
oil prices just soared
Covid pandemic (still going on)
supply chain issues
a recent pull back on all markets
I don’t think pilots should be concerned about oil prices falling over 25% since it’s high. Think they should be concerned of the fallout that happens after. Not saying it’s going to happen. However it’s much bigger than oil prices.
https://www.bloomberg.com/news/artic...-u-s-recession
Ukraine/russia war
Fed policy tightening tomorrow
oil prices just soared
Covid pandemic (still going on)
supply chain issues
a recent pull back on all markets
I don’t think pilots should be concerned about oil prices falling over 25% since it’s high. Think they should be concerned of the fallout that happens after. Not saying it’s going to happen. However it’s much bigger than oil prices.
https://www.bloomberg.com/news/artic...-u-s-recession
03-15-2022 | 10:23 AM
#25
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
10% inflation.
Ukraine/russia war
Fed policy tightening tomorrow
oil prices just soared
Covid pandemic (still going on)
supply chain issues
a recent pull back on all markets
I don’t think pilots should be concerned about oil prices falling over 25% since it’s high. Think they should be concerned of the fallout that happens after. Not saying it’s going to happen. However it’s much bigger than oil prices.
https://www.bloomberg.com/news/artic...-u-s-recession
Ukraine/russia war
Fed policy tightening tomorrow
oil prices just soared
Covid pandemic (still going on)
supply chain issues
a recent pull back on all markets
I don’t think pilots should be concerned about oil prices falling over 25% since it’s high. Think they should be concerned of the fallout that happens after. Not saying it’s going to happen. However it’s much bigger than oil prices.
https://www.bloomberg.com/news/artic...-u-s-recession
03-15-2022 | 10:50 AM
#26
Line Holder
Joined: Jul 2015
Posts: 1,588
Likes: 4
From: MD-88 FO
Sad but true. Rocket up, down like a feather. There really isn't a mechanism that causes that, simply that station managers when oil prices are rising take the opportunity to raise prices rapidly, possibly even getting ahead of oil price increases, and on the way down they drag their feet reluctantly to lower them. Great for consumers.
https://thehustle.co/why-most-gas-stations-dont-make-money-from-selling-gas/
03-15-2022 | 11:09 AM
#27
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
You realize in most states gas stations make very little profit off their gas? They are actually mandated to price it too make at least x amount of profit off every gallon. Gas stations make a large majority of their profits off all the junk food and gizmos they sell in their stores.
https://thehustle.co/why-most-gas-stations-dont-make-money-from-selling-gas/
https://thehustle.co/why-most-gas-stations-dont-make-money-from-selling-gas/
03-15-2022 | 03:46 PM
#28
Line Holder
Joined: Jul 2015
Posts: 1,588
Likes: 4
From: MD-88 FO
That’s why prices change almost daily at gas stations. They change every time the get a load of fuel (which is several times a week) to compensate for the price of that load.
03-15-2022 | 04:21 PM
#29
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Most of the time they change a LITTLE bit daily, which doesn't allow for the phenomenon I was describing, which happens during periods of LARGE oil price fluctuations.
03-15-2022 | 04:26 PM
#30
Line Holder
Joined: Jul 2015
Posts: 1,588
Likes: 4
From: MD-88 FO
I’m just saying the price is based on how much the stations are paying. I’m not saying the price comes down slower than it goes up. Just saying it’s not the stations gouging us. It’s the refineries gouging them. Or the traders gouging the refineries. It’s somewhere farther up the chain than the gas station managers.
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