Why is it that when oil drops by or more a barrel the gas prices barely come down. The gas station owners claim that they have "too much supply". Yet when there is even a threat of a hurricane, or a maintenance issue at a oil rig or derrick gas prices jump immediately. Why is this supply suddenly "gone"?

Is this greed on the part of the big oil companies, the local gas stations, or is some kind of collusion going on? Isn’t price fixing illegal?

How come hurricanes didn’t have a major impact on gas prices 10 or 20 years ago? How many people will freeze this winter?

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Filed under: Hurricane Questions

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