Quote:
Originally posted by Tyrone Slothrop
Club's cite pointed out that the wholesale price rebounded within days. You have posted something suggesting that retail prices were lower 40 days later. What you posted doesn't remotely suggest that the lower gas prices in early November had anything to do with the release from the strategic reserve.
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First of all, I am not Club's sock so don't mix in what he says with what I say.
Second, I think Club was talking about the wholesale price of oil. I am talking about the retail price of gasoline. So why are you mixing what I say with what Club says?
Third, I didn't make up this 40 day rule. Google it and I am sure that you will find out that it takes about 40 days for a change in the wholesale price of oil to be reflected in the retail price of gasoline. My guess is that must be about the time it takes to refine and distribute it.
