Gas Price Hike: Refinery Repair A Month or More Away

**Lowell** · August-12-15, 08:57 PM

These price spikes amuse me. One would thing that all the gasoline in all the underground tanks in the all the gas station in the metro was suddenly delivered today with the station owners suddenly having to pay 50 cents more per gallon. What a nice little 20% bonanza.

**Gpwrangler** · August-13-15, 04:02 AM

Originally Posted by Lowell

These price spikes amuse me. One would thing that all the gasoline in all the underground tanks in the all the gas station in the metro was suddenly delivered today with the station owners suddenly having to pay 50 cents more per gallon. What a nice little 20% bonanza.

Commodity prices can go up or down with the product already in inventory.

**mikeg19** · August-13-15, 05:46 AM

Originally Posted by Gpwrangler

Commodity prices can go up or down with the product already in inventory.

Which is ridiculous to think about, but 100% correct. I think it's just frustrating to everyone when this happens because we all know that the price will jump $0.50 overnight, but it's going to take 6 months for it to come back down. If it worked both ways, such a when the refinery is fixed, gas came back down overnight, I think we might not be as pissed.

**Dan Wesson** · August-13-15, 06:38 AM

Originally Posted by mikeg19

Which is ridiculous to think about, but 100% correct. I think it's just frustrating to everyone when this happens because we all know that the price will jump $0.50 overnight, but it's going to take 6 months for it to come back down. If it worked both ways, such a when the refinery is fixed, gas came back down overnight, I think we might not be as pissed.

Yep, what your basically seeing is this...

This way gas retailers can't be accused of fixing a price and they get their average price up there.

**emu steve** · August-16-15, 06:13 AM

Originally Posted by Gpwrangler

Commodity prices can go up or down with the product already in inventory.

Commodity prices are like stocks [[or tulips centuries ago), they can go up, down, sideways, etc. based on the irrational actions of those speculating in them.

Or like housing, if the prices are too high or too low they will eventually find the 'correct' level. Ditto stocks.

This will happen with gasoline prices. Once the refinery is running normally again, there will be a glut of gasoline and prices will decline. And then the market will find equilibrium once secondary gasoline sources fade away.

**Dan Wesson** · August-16-15, 06:20 AM

Originally Posted by emu steve

Commodity prices are like stocks [[or tulips centuries ago), they can go up, down, sideways, etc. based on the irrational actions of those speculating in them.

Or like housing, if the prices are too high or too low they will eventually find the 'correct' level. Ditto stocks.

This will happen with gasoline prices. Once the refinery is running normally again, there will be a glut of gasoline and prices will decline. And then the market will find equilibrium once secondary gasoline sources fade away.

I used to believe that. But, since 2008, my eyes were opened concerning the manipulation of markets and the tools with which it is done.

p.s. and still learning each and every week the depth of manipulation legal and illegal, of manipulations that maybe legitimized by lobbying Congress but are morally bankrupt.

**Gpwrangler** · August-16-15, 06:47 AM

Originally Posted by Dan Wesson

I used to believe that. But, since 2008, my eyes were opened concerning the manipulation of markets and the tools with which it is done.

p.s. and still learning each and every week the depth of manipulation legal and illegal, of manipulation that maybe legitimized but are morally bankrupt.

Speaking of market manipulation did you notice how we all car pooled when it hit $4?