09-16-2008, 10:03 AM
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Registered User
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Join Date: May 2001
Location: Rochester N.H.
Posts: 4,134
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Quote:
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Originally Posted by Coastie
It happens both ways though.. the price can go down regardless of when a truck comes in. They adjust the selling price based on the price they expect to have to pay to replace it (sorta.. complex formula  ).
The prices going up with the pump had a lot of do with the media and people having a the skys falling attitude.. if everyone across the country didn't rush to go get gas immediately prior to Ike would the price have gone up as much? I think it was more of a perceived shortage than anything based on fact. With the refineries tempoarily shut down yeah some areas may have ended up with shortages.. but not everywhere. |
I live next door to an oil delivery company named "Just Oil".My nei ghbor runs
the business.He told me that the price is based on his replacement price!
They have a billboard,in front,with the daily price.You wouldn't believe how
much it fluctuates,day to day!Every day they refill thier trucks at the Portsmouth NH oil terminal.The price is detirmned(sp?) there.When I ran my motorcycle repair shops,the parts prices were detirmined by my suppliers
price.They were fairly stable. Irish 
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Irish---Better to be dead & cool,then alive & uncool!
(Harley Davidson & the Marlboro Man)
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