I stand on what I wrote. No apologies. Flame away. I really don’t care. Last time oil prices dropped, Walmart dropped the price of oil. This time, it dropped even more and they didn’t. I don’t think that is right and I’m going to stand on that. Liberals can spout whatever they want to and when any of us take a stand on something, everyone wants us shut up, or probably, dead. Go for it.
Motor oil has never, ever been associated with the price of a barrel of oil. If it was, you could have never afforded in when a barrel of oil hit in the hundreds.
They bought the oil that you are talking about six months ago. There is at least a six month lag between the well and retail (maybe more). Gasoline prices at the pump are cheaper now because very few people are driving so the supply is way up. Do you think they should take a loss on the product they already purchased? The cheaper oil will make it’s way to the stores soon. It is called supply and demand. They will pass on the cost to consumers whether it is cheaper or more expensive. I doubt very much they are “gouging” as you suggest.
Do you know how silly you sound? Bottled oil isn’t the same as the price of a barrel of oil. Good god how embarrassing.
It’s not the cost paid to get the item when they bought it. The cost reflects the cost of buying the product to replace the product sold.
So all of you wise guys, why has the price of gasoline around here dropped to 1.67 per gallon from 2.25? I thought it would take a couple of months for that to happen since they have to use what is in inventory already.
No price ever goes down. A few years ago when ranchers were practically giving away their cattle during the drought should have lowered the price of beef. It didn’t. It raised the price to double and triple and more.
John Prine wrote a song just for you...here's the chorus:
Bewildered,bewildered you have no complaint,
You are what you are and you aint what you aint.
So listen up buster and listen up good,
Stop wishing for bad luck and knocking on wood.
Signed, Dear Abby.
Here’s a list of articles made from crude oil. Go run a price check and see if these are being gouged also.
https://whgbetc.com/petro-products.pdf
What is in stock was purchased at a higher price. The newer stock will be discounted.