Oil Prices Plummet

[Pat Mustard]

Good to know. I’ve often wondered why the pump price seems to go up immediately when a higher price of oil is announced (when the station clearly hasn’t had the opportunity to buy at the higher price), but seems to take much longer to go back down after the price of oil drops.

Boru

Right, the fuel in the supply chain was purchased a couple of weeks ago, so it's all sleight-of-hand.

And was likely hedged anywhere between 6 months and 3 years ago (unless you're Michael O'Leary of Ryanair fame)