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re: Bessent warning to oil and gas companies if they refuse to drop prices the same way they r
Posted on 4/15/26 at 11:14 am to atlgamecockman
Posted on 4/15/26 at 11:14 am to atlgamecockman
If you have gas made from $70 a barrel oil shouldn't there be a lag in the increasing price of gas...we all know if the price dropped dramatically, it wall fall much slower than it rose.
1
Posted on 4/15/26 at 11:22 am to Topwater Trout
quote:
If you have gas made from $70 a barrel oil shouldn't there be a lag in the increasing price of gas...we all know if the price dropped dramatically, it wall fall much slower than it rose.
Prices at the pump will always be based on the predicted future supply decline of oil. IMO that’s not the issue. The issue is the second part of the equation where prices are much slower to fall in the face of alleviated fears of future supply decline.
Posted on 4/15/26 at 11:39 am to Ailsa
Since OP and that clickbait fraud Daughtery said/typed “oil and gas companies”…
LINK
quote:
Bessent warns gas stations that Treasury Dept will keep them 'honest' after spike in prices
Treasury Secretary Scott Bessent issued a veiled warning to gas stations that jacked up the prices on consumers under the guise of global oil supply concerns: President Donald Trump will be watching.
"We'll be looking at Treasury to try to keep the retail gas stations honest — that you did this on the way up, better be doing this on the way down," Bessent told the CNBC Invest in America Forum on Wednesday morning. "And I am sure the president will call out anyone who's a bad actor."
LINK
Posted on 4/15/26 at 11:46 am to GREENHEAD22
quote:
Need to clean up the title to say gas stations and not oil and gas companies. Big difference between the two.
Only so many characters are allowed in the title...I tried.
Posted on 4/15/26 at 11:50 am to Undertow
quote:
The issue is the second part of the equation where prices are much slower to fall in the face of alleviated fears of future supply decline.
i think it is an issue for all of us. Seems like they would have data showing how slow the price drop is compared to the rise
Posted on 4/15/26 at 11:52 am to Topwater Trout
quote:
i think it is an issue for all of us.
Sure, most of us buy gas.
It's not an issue for the Federal Government.
Posted on 4/15/26 at 1:12 pm to castorinho
It only goes up in big chunks. I've been driving 50 years and have never seen similar drops overnight. If you have evidence of such, please post.
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