I keep watching the news as the price of crude and gasoline fall.
Crude oil down today to around $61 a barrel. Gasoline fell nearly 4% to $1.83 per gallon.
So why do my corner gas stations continue selling gasoline for $2.99 a gallon???
Demand has dropped therefore the reduction in the cost of oil and gasoline to the retailers. Instead of passing that along to their customers, they’ve been raising prices back to around $3/gallon.
So why haven’t we seen this on the news? Why hasn’t someone asked the people who own and run the gasoline stations? Why hasn’t someone asked the oil company executives about the drop in fuel costs to retailers?