Forum Discussion
The_Weekenders
Oct 15, 2012Explorer
cekkk wrote:
Diesel up 20 cents in a week in this area. It seems to me the oil companies are taking it in the shorts for downline folks. A fire in a CA refinery reduces diesel output there and maybe that's an signal to immediately raise diesel prices everywhere. The immediacy is a red flag IMO. Crude could drop $20 today. Does anybody believe pump prices would drop commensurately tomorrow?
Gene Graner of Heartland Investor Servcies in Bismarckhas stated many times with all the QE's, the value of the dollar has weakened hence any significant drop in crude oil will not affect pump price much.
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