re: Crude Oil up 8% as OPEC Agrees to Cut Output

quote:

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Owners of gas stations rush outside to raise price on pumps even though this won't affect their pricing for weeks or months.

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Hate to break it to you but the price of gas is based on the price for the current load of fuel being used. This is why gas stations dirrectly next to each other or across thr street alot of times have different prices one day and eventually are the same a day or two later.