Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 04-12-2011, 08:03 PM   #2573
Donger Donger is offline
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Join Date: Nov 2003
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Quote:
Originally Posted by Bugeater View Post
Short version: When gas prices go up, retailers charge replacement cost of the gas in their storage tanks. When prices go down, they charge what the gas in the tanks cost them.
They are betting on the future (replacement) price all the time.
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