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Model35mech

(2,047 posts)

8. OPEC has announced intended cut back in production

Reply to doc03 (Original post)

Thu Apr 6, 2023, 05:37 PM

Apr 2023

That's really all the excuse the gasoline industry needs to crank up prices.

I think they do their books under LIFO rules rather than FIFO rules, LIFO is last price in, is the first price out. That allows the company to be able to continue to purchase the goods they sell.

So any hint of price increase or short supply shows up almost immediately in the retail price.

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About two weeks ago I filled my gas tank at $2.99 [View all] doc03 Apr 2023 OP

Did I fall into a time warp? Wasn't that 30 years ago? Blues Heron Apr 2023 #1

I'm fortunate to have a really short commute and a 4-cylinder vehicle Shermann Apr 2023 #2

Here, it's still around $8 DFW Apr 2023 #3

OMG where is here? nt doc03 Apr 2023 #4

German Rheinland DFW Apr 2023 #5

A dollar cheaper per gallon than Seattle. maxsolomon Apr 2023 #6

Central KY, last week, gas was 2.89 today it's $3.49 Easter week. Meadowoak Apr 2023 #7

OPEC has announced intended cut back in production Model35mech Apr 2023 #8

Paid $2.97 today. nt hippywife Apr 2023 #9