Price at the pump is based on what the current wholesale price is.The cost for gasoline rose about 10% here in the last couple of days. Effects of the Iran situation, I'm sure. But. I'm trying to make sense about why the price rose so rapidly. After all, the gas I bought yesterday is from the same storage tank that sold the same gas for much less a couple of day before. It had not yet been replaced by gasoline refined from higher cost oil. Its cost was established long ago. So, why did the price go up so much and so quickly? BTW; I fueled up at Costco and it was VERY crowded. Looked almost like panic buying.....
Good explanation. So, we're not paying for the cost of the fuel we're buying, we are paying the anticipated cost of the fuel that will replace the fuel we're removing.Price at the pump is based on what the current wholesale price is.
They try to always get enough income to replace their current stock, as their normal condition is full tanks to minimize supply disruption when unexpected demand hits.
Speaking as one who keeps a sizeable stock of both ammo and toilet paper, I agree.
My neighbor was 1, that's about it...I think most of us were Boy Scouts when we were younger.
Nope, never was a Boy Scout. Had an Uncle over in Jacksonville and my cousin was in the Boy Scouts. They would drive over to camp on the river and have 5 or 6 boys with them. They stopped by the farm to pick me up. I always went with them to show them the way through the pulp wood roads and make sure nobody got hurt. They were all a couple years older than I was, but I had been fishing on that river with my grandpa and uncles since before I could remember. There wasn't no street signs on the pulp wood roads.I think most of us were Boy Scouts when we were younger.
Speaking as one who keeps a sizeable stock of both ammo and toilet paper, I agree.![]()
![]()
Why would I use a leaf when long strands of toilet paper hang from every tree in Florida?
View attachment 253898
Why would I use a leaf when long strands of toilet paper hang from every tree in Florida?
View attachment 253898