Posted by WarrenBult on March 02, 2012 at 14:10:58 from (208.88.136.10):
In Reply to: Re: Gas price jumps posted by 641Dave on March 02, 2012 at 13:53:36:
Big Oil does not speculate it into their pockets. People on wall street cause it to go up, along with the government for printing money with no backing, causeing the dollar to be worth less, thus costing more to buy a barrel of oil. The big oil companies pay the price the speculators set, then refine it into the different products, so those prices go up. The refineries only make pennies on each gallon of gas. There costs go up, so their products go up.
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