Wednesday, August 18, 2010

Oil Prices Fall but will this make the stations lower their prices?

Crude oil at the time i have released this question has fallen nearly 2% down to the $129/barrel area again.





If the Oil prices continued to steadily fall until they reached something like $125/barrel would this reduce petrol prices at the station to what they were when oil was this price a month or so ago e.g. 109-111.9 a litre.





Seems they make an unfair profit otherwise.





All answers appreciated.Oil Prices Fall but will this make the stations lower their prices?
It seems that big oil makes an unfair profit all the time. The drop in price of a barrel of crude oil, should be reflected at the pumps. The question is by how much? I realize that the oil companies are there to make a profit for their shareholders, that makes sense. However the share holders should be wise enough to say ';Wait a minute. We are antagonizing the Public. Lets cut our profit by two percent, and drop the price of oil/gas, so that the consumers will be more willing to buy more.';Oil Prices Fall but will this make the stations lower their prices?
they profit anyway MEGA $$! Pricing at the pump may ease slightly, but really they didn't catch up to the $135/barrel anyway. Think of this...$150/barrel translates to about $5/gal. (sorry, not sure of conversion to L). $200 makes gas about $7/gal.
the gas stations do not have a say in what prices they charge they are old what to charge and if they don't they have shipments cut off, they make most of their money on the stuff they sell like candy and stuff.
no as they will maximise profit first





eg: a local station near myself put up the price of fuel 3 times last week





but they did not have any delivery's of fuel for 2 weeks prior





so its more income for the fuel
Yes/ Prices at the pump will drop.

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