Quote:
Originally Posted by Donger
That's precisely what happens. If they see crude going up, they know that they have to raise prices immediately, because their next shipment is going to cost more.
It's the replacement cost.
And, the price isn't staying up. It has dropped.
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But when the price is dropping they are not charging the replacement cost, they are charging the current cost. It definitely feels like they are working both ends of the situation.