I often watch the"Commodities and Markets" section of CNN and monitor the price of gasoline futures. Given that I may a 50 mile round trip to work everyday it directly effects my wallet.
What I'm wondering is, how come if the price of futures goes up 10 cents a gallon the price of gas at the pump immediately goes up, but if the price goes down it takes days for there to be a decrease?
Just curious.
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3 comments:
Odd, ain't it?
I bought a Prius, and it's the best. I don't think gas prices are coming down anytime soon.
If you drive a lot, it's worth considering. Here, you can take it in the HOV lane, and it saves time as well.
If you were cynical, you'd know why it comes down slower than it goes up :)
I got a motor scooter. 3 bucks for 70 miles, baby!
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