Gas prices have been relatively low in Saskatchewan, and here in Yorkton, for a few weeks now. But that's starting to change. Just recently, the price at the pump in quite a few places has jumped as much as 14 cents a litre in some markets.
Why? Supposedly for a couple of reasons, not the least of which is a slight increase in the price of crude recently.
And that brings me to the question I have. When oil prices drop, the price at the pump doesn't fall immediately. That's because (from what I've been told) refineries have to get all the more expensive crude through their systems. So, why is it that when the price of oil goes up, gas prices go up almost the same day? What happened to the lower priced crude in the refinery system? Logic would dictate we wouldn't see an increase until that's gone through, wouldn't it?
So why the rapid boost at the pump? Oh, yeah. "Because They Can".
TTFN
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