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Ever notice how CL (crude oil futures) can drop like mad, yet the price at the pump isn't even phased? Yet if CL is rising quickly, you can damn sure bet Exxon and etc are quick to raise the price at the pump.
Where is the government oversight and regulation for this? If i remember right, there is some law about gas stations only being allowed to raise prices once per day. If that kind of law exists, then where is the law that says if you are going to blame "the market" for the reason you are raising prices, then you must proportionately lower prices due to the same "market" in decline...
My gut says this isn't even close to happening right now. All these declines in CL lately have translated to about zero decline at the pump.
Yep the big petrol companies are doing in Australia too Mike. Groceries are the same, and hardware, and services and etc etc. All the big retail companies are fattening their margins and no one seems to be complaining?