Gas Price
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Started by metmike - March 11, 2020, 2:27 a.m.

As is the case almost all the time, the regional distributor of gas is ripping people/consumers off.


When the price increases in the futures/cash market they jack up the price at the pump THE NEXT DAY


When it drops, they always take numerous days to cut the price at the pump and usually not by the amount that mimics their lower cost.


The price of gas in the futures is incredibly low at 1.17 right now, almost 40c lower than it was just a week ago and 80c lower than what it was back in December.  At the pump it should be below $2 right now.


Here in Evansville, IN it was 2.12 on Tuesday with the regional distributor probably making at least 20-30c more than they were a couple of months ago, when the price was higher.



https://www.gasbuddy.com/GasPriceMap?lat=37.85730855178976&lng=-87.187291125&z=4


https://wbng.com/2020/03/10/how-long-gas-prices-are-expected-to-continue-to-drop/


Gas prices are dropping, here's why
Gas prices across the country are dropping, largely due to two factors: fears over the coronavirus are causing less people to travel, and an international oil dispute has led to a plunge at the pump.
wbng.com
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