F... gas prices

[jsarno]

Originally Posted by dmek25

the price of a barrel of oil hit a high of around 140/ per. gas prices around here hit a high of around 4.00 a gallon. now that oil is under a 100.00/ barrel, why did the price of gas only drop roughly .40 a gallon? im sure schneed has a logical reason to why its OK that us Americans are allowed to be ripped off

It's profits of course!

They will tell you that they purchased the inventory at that higher price, so therefore until the inventory is gone, they need to charge the old amount to break even (or make a profit). However, they go up in price instantaniously even though their inventory is of the old price...so this means only one thing, PROFITS.