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Originally posted by Not Me
First of all, I am not Club's sock so don't mix in what he says with what I say.
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I'm sorry I confused you by referring to a fact in one of club's posts. You were telling me to watch FOX News, so I thought his facts from FOX News were fair game.
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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?
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Most people understand that wholesale and retail prices of a good are related.
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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.
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You just made it up now. That article says nada about a 40-day rule. It says gas prices dropped in California in early November, 2000.
Retail gas prices are notoriously slow to drop when wholesale prices fall. The SF Chronicle notes this ever other week in their regular stories about high gas prices. For this reason, I find it very hard to believe that a blip of a couple days in the price of oil had any effect on the price at the pump. You're just posting with a shovel.
